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Charting indices: ‘uptrend’ on the FTSE 100 and DAX, but ‘wait and see’ on the S&P 500

9 August 2016: IG technical analyst Joshua Mahony says that having broken above the 6829, FTSE 100 long trade looks back on. Also Germany is approaching key resistance at 10,532, so wait for the breakout. Finally Josh also looks at the 2177 level for