Levels to watch: FTSE 100, DAX and S&P 500
Indices have enjoyed another good week, bolstered by trade talk hopes, and while some weakness in the near term is possible, it looks like further gains are likely in due course.
FTSE 100 stuck below 7420
FTSE 100 has continued to push higher, but the price action over the past three days has seen it falter at 7420.
A retracement may find support at 7360, or further down towards 7300. A break higher targets trendline resistance from the May all-time highs, suggesting resistance around 7460.
Dax eyes up fresh gains
Having reached another new high for the year, DAX now targets 12,102 and then on to 12,300.
A move below 11,900 might signal some near-term weakness is at hand, but support is possible around the previous peak at 11,800.
S&P 500 still on the up after strong rally
A 100-point gain in the space of two weeks has left S&P 500 firmly above resistance at 2870.
Fresh gains target 2940. A near-term pullback below 2860 would open the way to 2780.
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