FTSE 100, DAX and S&P 500 all on the march higher
Indices are liking to move higher, building on gains made earlier in the week.
FTSE 100 plays catch-up
The FTSE 100 has finally powered higher, moving above 7300 once more. It now targets 7375-7400, the area that marked the highs in September.
Beyond this, 7480 and then on to 7560 are the next targets. Pullbacks towards 7200 may form buying opportunities, while a move back below 7200 begins to suggest that the market will once again retest 7100.
DAX hits new 2019 high
The DAX has recorded a new high for the year, while also hitting its highest level since June 2018.
A retracement towards 12,400 might provide a period of consolidation, although at present there seems little sign of the uptrend changing course, with the dip on Wednesday simply providing a buying opportunity.
S&P 500 trying to clear 3000 hurdle
A firm push through 3000 is still lacking for the S&P 500, with gains being relatively limited over the past week.
Admittedly, there hasn’t been much downside either, with dips towards 2980 finding buyers. A break above 3010 or below 2980 provides clearer direction.
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