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DAX 40, Nasdaq 100 and S&P 500 grind higher

DAX 40, Nasdaq 100 and S&P 500 grind higher in low volatility, awaiting key US earnings and data releases.

DAX 40 Source: Adobe images

Written by

Axel Rudolph

Axel Rudolph

Market Analyst

Article publication date:

DAX 40 grinds higher still

The German DAX 40 index's steady advance is taking it towards its early April high at 22,662 which may act as resistance, though, together with the 21 March low at 22,715.

Minor support below Monday's 22,444 high can be seen along the 55-day simple moving average (SMA) at 22,231.

DAX 40 chart

DAX 40 chart Source: IT-Finance.com

Nasdaq 100 range trades in low volatility

The Nasdaq 100 continues to range trade in low volatility below its 55-day SMA at 19,786 with Tuesday's high at 19,584 representing the first minor resistance level.

Support may be found around the 9 April high at 19,249.

Nasdaq 100 chart

Nasdaq 100 chart Source: IT-Finance.com

S&P 500 remains slightly bid

The S&P 500 continues to trade marginally above its 5,504 March low and nears Tuesday's 5,572 high. Were a daily chart close above this level to be made, the 21 March low at 5,600 may be hit next. Further up sits the 2 April high at 5,728.

Minor support may be seen around the 9 April 5,493 high and the 14 April 5,463 high. Further potential support sits at Thursday's 5,328 low.

S&P 500 chart

S&P 500 chart Source: IT-Finance.com