Technical analysis for FTSE 100 for 5th September 2025
I am still running a portion of the 9160 long from yesterday so keep trailing the stop on that. For today we have initial resistance at the 9240 level and as such we may well see a leg down to start with, to test the daily pivot at the 9210 level. This 9200-9210 zone looks pretty key to start with and the bulls will be trying to defend any drop down to this round number. Also note that the 30m 200ema is at 9200 to also lend support here.
If it holds, then we should see another optimistic day, and the bulls will be looking to break the 9240 level as that opens up a trip to the 9275 key fib level. With the recent bounce the 2h chart remains bullish and the Hull MA is firmly showing support at 9170 and rising. If the bulls break above 9280 today then we will more than likely see some further upside during the next few sessions towards the recent high at 9357. Possibly even today should the NFP news light a rocket under the markets.....
We are just sat on the top of the 10d Raff channel at 9240 to start with, hence thinking we could see some more long profit taking here and then the associated leg down to start with. If the bulls can close the week above the 9240 level then that bodes well for even more upside next week. I still have that 9700 area pencilled in as a potential at some point during the remainder of 2025!
On the bearish side, if the bears break the 9200 level then the 9160 2h coral is likely to get tested, with possible support above at 9180 too. 9108 daily support is below that where we have the bottom of the 20d Raff channel. That feels very pessimistic for today, but we do have some key news events,
Todays main event will be the NFP news at 1330 along with US unemployment data and the forecasts are for similar to previous, 75k and 4.3% respectively. As such expect some volatility then. As it is an NFP Friday then be a bit more cautious with stake size/risk etc.
For the S&P500 today then I am thinking that we may see a test and hold of the 6490 level where we have daily pivot support. It continues to show strength, while futures ticked higher ahead of today’s key jobs report, signalling bullish sentiment persists. Initial resistance is at R1 and the key fib at the 6534 level so as per the FTSE100 we may well see an initial drop down from this area to test that support. If the bulls were to break above this then look for R2 6555. If the bears break below the 6490 daily pivot though then expect a test of the S2 6423 level, and a possible break of the 2h support from both the Hull MA and coral at the 6445 level.
Despite a bearish daily DAX40 chart the bulls are fighting back and a possible test of the 25ema on the daily (resistance locked in) at 24035 looks possible. And as such also key as the bulls will need to break above this with conviction if they are going to reverse the bearish sentiment on the daily chart. I am again thinking a dip and rise for this market with a drop down to test the daily support at 23750. Resistance is at 23932 R 1to start with and this could cap early proceedings. Below the pivot then look for 23603 as the next support.
Good luck today and have a great weekend.
Interested in how to start trading the FTSE 100? Frequently Asked Questions on Spread betting
Recommended Broker for trading - MT4/5, web and mobile
IC Markets - offers market leading pricing and trading conditions by providing clients with True ECN Connectivity; this allows you to trade on institutional grade liquidity from the world’s leading investment banks, hedge funds and dark pool liquidity execution venues. Highly recommended!
Membership, Trading Tips, Support and Resistance Levels with Live Trading
If you would like more detailed analysis for FTSE 100, DAX40, Gold and the S&P500, including the trades that I am looking to take myself, then please join my active members community.
Keep up to date with new website posts, free sign up below
