Levels to watch: FTSE 100, DAX and S&P 500

Yesterday’s session saw the sellers reassert control, with gains from earlier in the week being given back.

Trader
Source: Bloomberg

FTSE 100

A reversal appears to be taking place, the FTSE 100 having failed to hold 6900.

Further declines target 6700, and then down to 6640. Rising trendline support is being tested around 6800, but a break of this would mark the end of the current attempt at a rebound.

DAX

The DAX looks poised to rollover and test the lows of the week around 10,584, having failed to recover 11,000.

The overall tone remains bearish, with the index likely to test these recent lows unless we see a rebound and close back above 11,000.

S&P 500

The rebound from earlier in the week is now gone, the S&P 500 having failed to hold 2650.

Now we look to see if it can hold 2600. Below this, 2594, 2553 and 2532 come into play.

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