INSIGHT: ADX Index Positioned for Breakout—But Eyes on Resistanc

The FTSE ADX General Index is at a technically sensitive level, hovering near the R1 (Classic) resistance of 10,148 and marginally above key moving averages (VWMA 20 at 10,056.94 and HMA 9 at 10,266.15). This suggests **bullish momentum is building**, supported by a “**Strong Buy**” signal on technical indicators.

The index recently completed a breakout from a **multi-year symmetrical triangle**, and is now flirting with **major resistance (\~10,300–10,340)**, which coincides with the **R2 level (Classic & Woodie)**.

💡 Why This Matters:

* A decisive move above 10,340 (R2) could trigger a **fresh bullish leg** toward **R3 at 10,909**, confirming the breakout.
* Support sits at 9,768 (Pivot) and **9,577 (S1)**—if price pulls back, these zones should be closely monitored for potential entries.

🧭 Conclusion: The ADX Index is sending bullish signals both structurally and through indicator convergence. However, a confirmed close above 10,340 with rising volume would validate the breakout and could signal the start of a sustained rally.