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​​FTSE 100, S&P 500 and Nikkei 225 push higher​

More gains have been seen for global stock markets, which are continuing to claw back their recent losses.

FTSE 100 Source: Adobe images

​​​FTSE 100 moves higher

​The FTSE 100 index closed above the 50-day simple moving average (SMA) once more yesterday, as it claws back the losses of late July and early August.

​The bounce from the 8000 level is intact, and further gains target the 8300 area and then the 31 July/1 August high at 8400. Sellers will want a reversal below 8100 to signal the possibility of a new leg lower.

FTSE 100 chart Source: ProRealTime
FTSE 100 chart Source: ProRealTime

​S&P 500 rallies above 5300

​Steady gains over the past three sessions have taken the S&P 500 price back above 5300 and above the May high. Further gains now look to the 50-day SMA and then the late July high at 5570.

​So far there is no sign of a reversal, though a close back below 5300 would raise concerns that a new downturn had begun.

S&P 500 chart Source: ProRealTime
S&P 500 chart Source: ProRealTime

​Nikkei 225 makes further headway

​Yet more gains here for the Nikkei 225 index mean that the 36,707 level becomes the next one to watch, having marked a peak in January and then forming support in April.

​For the moment the buyers remain in charge. A turn lower back below 35,000 might signal that a fresh downward move was underway.

Nikkei 225 chart Source: ProRealTime
Nikkei 225 chart Source: ProRealTime

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