Levels to watch: FTSE 100, DAX and Dow
Indices continue to gain ground, with any short-term retracements looking like buying opportunities.
FTSE 100 pushes through key resistance
The FTSE 100 has managed to break into a new higher high this week, rising through a potential trendline resistance in the process.
This points towards further upside, with the current pullback looking like a retracement unless we break below the 6776 level.
DAX rising towards notable resistance level
The DAX is also rising this week, with the index approaching the 10,987 swing high.
A break above that level would provide a bullish continuation signal for now, although the potential trendline resistance should also be watched. The key to further upside is higher lows, and thus a bullish outlook is in play unless we break through below 10,679.
Dow continues to gain ground
The Dow Jones is rising once more, with the index seemingly having bottomed out for the time being.
The creation of higher highs and higher lows over recent weeks is likely to continue, with any retracement looking like a buying opportunity unless we break below 22,587.
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