FTSE 100, DAX and S&P 500 all unable to push higher

Small gains and losses have been seen so far, as markets await the Fed decision.

FTSE 100 held in narrow range

The FTSE 100 has been stuck in a narrow range between 7300 and 7400, with no sign of a solid break in either direction.

A more bullish view plays out with a move above 7400. Below 7300, 7200 comes into play and results in a more bearish view emerging.

DAX drifts lower

Despite some weakening of upward momentum, the DAX has avoid any serious declines below 12,300.

However, a move above 12,500 is needed to revive the uptrend from the August lows. A deeper retracement heads towards 12,100.

S&P 500 edges higher

Since Monday’s gap lower, the S&P 500 has steadily pushed higher, recovering from modest sell-offs.

However, a push above 3015 is needed to restart the broader move higher.

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