Levels to watch: FTSE 100, DAX and S&P 500

Indices continue to push higher, although some disappointment prevails after Facebook’s earnings.

FTSE 100 struggling around 7650

Yesterday saw the FTSE 100 unable to move on above 7700, but it also found buyers around 7650.

The index continues to trade in a tight range from 7650 to 7700, so a break of these levels is needed to determine the next direction.

DAX challenges 12,800 again

The DAX is back at the 12,800 area that has acted as resistance for the past two weeks.

A close above 12,800 brings the 13,000 area and trendline resistance into play. Rising trendline support may come into view around 12,600.

S&P 500 at new five-month highs

While the reaction to Facebook’s earnings took some of the shine off the session yesterday, the S&P 500 has continued to register new multi-month highs.

The 2877 record high from January is now in sight. A close below 2790 would be a bearish development in the short term, while dips towards 2800 will likely find buyers.

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