Yes, I absolutely agree that the futures market has no influence at all on the FTSE index price and how it moves. The FTSE in no way 'reflects' what is happening in the futures market. The FTSE price is entirely based on the prices of the stocks listed in the index. Hence, any kind of technical analysis is totally irrelevant and useless when it comes to predicting how the FTSE will move. When you see anybody applying technical indicators to an INDEX (e.g. support, resistance, head & shoulders, etc.) you know they are in cloud cukoo land.