FTSE 100
BearishArchived analysis from Oct 22, 2026, 1:22 PM
Key insight
10,680 Oct 20 swing low is the line in the sand: a daily close below it opens 10,550 Fib support. Miners, banks, and AI-exposed tech all dragging — no single sector offering a credible bid.
Breaks below 10,750 Wed close as AI-driven Asia selloff, miner rout, and BoE rate-hike fears converge — three headwinds hitting simultaneously with budget risk on Oct 28.
Main risk
BoE Rate Hike Repricing / Oct 28 Budget
Hot UK CPI locks in BoE tightening; Healey budget on Oct 28 carries windfall-tax and bank-levy tail risk that hit FTSE heavyweights directly.
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