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

The bullish outlook remains, despite a mixed session on Thursday. 

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FTSE 100 struggles with constant rally

While the FTSE 100 does continue to hold the rising trend from the February lows, it has not been able to rally on a sustained basis.

Gains above 7170 have been knocked back, so we look to 7100 and 7050 as possible support.

DAX continues along rising trendline

A steady recovery remains in place for DAX, with the rising trendline from the March low continuing to hold.

The first target comes in at 12,477, followed by 12,551. A turn lower would test the rising trend, around 12,280, and then on to 12,115.

S&P 500 rises after sideways trade

A mixed session yesterday saw the S&P 500 trade sideways, but the rising trend from the February low is still intact.

As a result, we look for another push to 2800. A close below 2730 is needed to put a more bearish view on the index. 

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