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

US markets remain on the up, but trade tensions are once again hitting the DAX. 

FTSE 100 stalled below 7700

The general upward drift in the FTSE 100 continues, as the rebound from Thursday’s low showed, but a push above 7700 continues to elude the index.

Back above 7630, the index will target 7700 and then on to 7800. A break below 7550 would bring 7489 into play.

DAX falters in early trading

The rebound ran out of steam around 12,650, and now a move lower suggests another test of 12,477 may be in play for DAX.

A recovery above 12,650 would suggest another attempt to clear 12,900 and move on to challenge trendline resistance from the January all-time high.

S&P 500 eyes up fresh gains

A solid bounce from 2790 leaves the S&P 500 on course to challenge 2850 and then on to 2877 and the all-time high.

Below 2790, the 2760 area comes into play as possible support. 

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