$FTSE Daily Chart: Watching 10730 Resistance Closely
Hey everyone,
I've been keeping a close eye on the $FTSE daily chart, and it's looking interesting around these levels. Today's high of 10732.95 seems to have run right into that 10730ish resistance that's been in play for a bit now. We've seen a couple of rejections around that zone previously, and it feels like a pretty key area buyers need to push through for any sustained move higher.
My concern is if we see a clear rejection from here, especially if we close the day back towards the lower end of the current range, it could signal a double top or at least a temporary pullback. The risk for this scenario would obviously be a decisive break and close above 10730, particularly if accompanied by decent volume. If that happens, then my current thinking about resistance would be invalidated, and we'd likely be looking at the next set of potential upside targets. Just curious what others are seeing on the $FTSE? Is anyone watching other indicators that confirm or contradict this resistance idea?
Ah, the ever-elusive 10730. It's like that one relative who shows up at every family gathering just to tell you why all your life choices are wrong. Good luck to the buyers trying to persuade it.