Technical analysis for FTSE 100 for 13th October 2025
Will we see a TACO Monday/Bull Monday as the markets look to rebound from Fridays sell off? On the flip side its reset the daily RSI on the daily chart which was running hot at 78, and now down to 48 so has unwound the overbought status on that! We have already see a bit of a rebound and that bodes well for a buy the dip play today, with the daily pivot looking like decent support to start with at the 9405 level.
The bulls will be looking to put in a rise towards the 9500 area but we have a cluster of resistance around here - 9490 for the Hull MA, 9520 for the 2h coral, and the key fib at 9497. As such, we may see any rise falter in this area later on. Lower down we have the first resistance at the 9467 R1 level, and also the 30m 200ema at 9476. As such, the early bounce may well see a drop off from here before another push up later.
Bias Assessment
| Aspect | Current View |
|---|---|
| Intraday Bias | Neutral → Bullish above 9 432 |
| Short-Term Trend | Rebounding within broader up-channel |
| Momentum | RSI divergence supports upside attempt |
| Volatility | Moderate; expect 80–100 pt range |
Below the 9404 daily pivot then the bears will be aiming to target Fridays 9350 low, and if that played out it also closes the gap, so in theory it should then see a bounce here. 9359 is also the key fib support. That said, I think we may well see them try and defend 9405 initially. If it were to break 9350 then look for S1 at 9290. The backdrop is the TACO trade though so we may well see a reluctance to go big shorts today, unless the news flow changes again!
The daily Raff channels are still heading up and now that the RSI has reset, along with the 25ema at 9355 holding on Friday it does set up well for the year end push - have we see then Q4 low now and we can resume the charge for 9700+?
If the bulls were to break above 9520 2h coral today then we could see a charge for R2 at 9581 - feels a bit of a big ask but again, if the news flow remains bullish its possible. We are also seeing the peace plan playing out in the Middle East, with Trump in Israel today and hostage releases.
The DAX40 also has support at the daily pivot and a dip and rise from there at 24398 would work well. The bulls will be looking to break above 24900 where we have the 30m 200ema and red coral. 24815 is also R1 as initial resistance. Below the pivot then the bears could target the 24281 key fib support and if that was tested then look for a bounce here.
Similar picture for the S&P500 with the daily pivot as support at 6590 - we have already had a bit of a bounce and the bulls will be looking to continue that to target the 6700 area. We have the 30m coral and 200ema here, along with it being just above R1 6682, so an early rise could falter here. Below the daily pivot then the 6505 level is the bears target to close the gap from Friday. I am not expecting it to get that low, but it is also the bottom of the Raff channels for today so could see a bounce. The daily RSI has also climbed after testing the 30 level on Friday, so as per the FTSE100 its reset nicely for the longer term bullish trend to resume.
Buy the dip continues to be the play on the longer term charts.
Good luck today.
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