FTSE 100 Technical Outlook: Momentum Builds as Index Eyes Next Milestone

The FTSE 100 has maintained a bullish trajectory throughout early 2026, breaking following a strong breach of the 10,000-point milestone in January. 

Market participants are currently navigating a landscape marked by shifting global trade dynamics and geopolitical tensions, which have heightened volatility.

As of Tuesday’s close, the index was trading around 10,680 and has broken higher on Wednesday, hitting new highs. According to TradingView’s compiled data, from a technical standpoint, the “Strong Buy” signal remains dominant across multiple timeframes. 

WELCOME BONUS - Free Share Bundle When You Invest £50! Get up to £500 cashback for investing with IG.

Invest in 15,000+ shares and ETFs. Open an account now, invest at least £50, and you’ll get a free share bundle worth between £40 and £200. T&Cs apply.

5.0

Open Account Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

However, momentum oscillators are neutral, suggesting the market is approaching an overbought state but hasn’t yet exhausted its run. 

The Relative Strength Index (RSI) is currently hovering near 71.43, indicating a potential sell, while TradingView shows the stochastic indicator is neutral.

Nevertheless, the path of least resistance appears to be higher, with technical targets now set at 10,750 and the major 10,800 extension.

Prior to Wednesday’s open, immediate resistance was found around 10,745 and closing above that level today may signal another leg higher, while key support rests between 10,395 and 10,430. 

The major psychological floor, of course, remains at the 10,000 mark, but a sustained climb keeps the primary impulse wave intact for a run toward 11,000.