Charting indices: markets pause following ECB spike

We are seeing bullish signs on the FTSE 100 and are coming back to the 6,429 level, a major area of resistance. 

The DAX benefitted heavily from yesterday’s ECB’s press conference, and the fact that it hasn’t fallen back is a bullish sign. The Dow appears to be comparable with its peers when looking at price action, but its support levels tell a different story. Here the 200-day SMA is providing resistance, and IG analyst Josh Mahony sees a potential for a retracement lower.

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