Charting indices: awaiting breakout from consolidation

We’re seeing consolidation on the FTSE 100 today and IG analyst Joshua Mahony expects a move higher, with a major resistance at 6,429 points. The DAX is back at a resistance level at 10,188 points. More bullish than its European counterparts, the S&P 500 has broken out of a sideways channel and 2,022 has become a support.

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