Technical analysis for 12th December 2025
FTSE100 Bias
- BULLISH (RECOVERY / CONTINUATION)
- Status: Improving and now turning constructive.
- Why
- Price holding above the Daily Pivot (~9,723).
- Clean bullish structure on 30-min (higher highs & higher lows).
- Price above all intraday EMAs (10 / 25 / 200).
- Daily RSI ≈ high-50s → positive momentum, not stretched.
- Re-entry into the broader green rising channel.
- Bias Rules
- Bullish while above: 9,723
- Buy-the-dip zone: 9,710–9,700
- Breakout continuation above: 9,760
- Bias flips bearish only below: 9,696
- FTSE Today
- Buy dips & breakouts
- Avoid shorts unless a clear rejection at R1 forms
Roadmap
- Above 9,723 → Bullish bias
- 9,710–9,700 → Buy-the-dip zone
- Above 9,760 → Breakout active
- Below 9,696 → Caution / bearish shift
S&P500 Bias
- STRONG BULLISH (GLOBAL DRIVER)
- Status: Still the main risk-on engine.
- Why
- Above all major daily EMAs.
- Higher-low structure intact.
- Volatility low → typical bull grind.
- No confirmed distribution or reversal.
- Bias Rules
- Bullish while above: Daily EMA20
- Normal behaviour: Sideways → grind higher
- Bearish only if: Daily close below EMA50
- S&P Today
- Buy dips
- Trend continuation favoured
- Avoid aggressive shorts
DAX40 Bias
- BIAS: BULLISH (STRONGER THAN FTSE)
- Status: Trend leader in Europe.
- Why
- Medium-term trend still firmly bullish.
- Above all key daily EMAs.
- Dip-buying behaviour persists.
- Supported by US equity strength.
- DAX Today
- Buy dips
- Breakout continuation valid
- Shorts low probability unless S&P rolls over
A good fightback form the bulls yesterday despite not quite managing a perfect test of the bullish 2hr Hull MA which is now showing support at the 9680 level. However, prior to that we have strong support at the 9700 level and the bulls will be keen to defend any drop down to this level. It's quite a rare thing for the key trends table above to be completely green, which favours a "buy the dip" bias across the board for today. The bulls will be aiming to end the week strongly.
UK GDP for October has just come in at -0.1% again, which should help the BoE with the rate cut decision next week. The FTSE100 moved higher as that news broke, so obviously thinks so too.
Initial resistance is at the 9760 area with R1 and the key fib here, and it's worth noting that we are just popping above the 10d Raff channel top as well this morning. The 20d Raff channel has also resumed its bullish sentiment with a rising channel. Above the 9765 key fib then the bulls will ultimately be aiming for the round number of 9800 and we have R2 at 9797 - as its Friday then that could cap proceedings.
Support wise, if the 9700 area gets broken then 9680 as mentioned, with 9660 daily support below that, and also the S1 level for today. Should this area be tested then I would ideally like to see a bounce here.
Similar picture for the S&P500 and DAX40 again with both still in buy the dip mode - look for the daily pivot levels to hold as per the table and trade plan above.
Good luck today and have a great weekend.
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