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

Indices are weaker this morning, although the broader rally from the lows is still ongoing.

FTSE 100 looking for move higher

The FTSE 100 fell back from the highs of Monday’s session, but has begun to find buyers.

The price held above 7186, so we look for another move higher; the levels to watch are 7300, 7340 and then 7400. A decline below 7186 would target 7144 and then 6919.

The DAX pullback finds buyers

Buyers have come in to push the price higher after the DAX's pullback.

The first levels to watch would be 12,551 and 12,663, and then 12,742. Further declines would find support at 12,281 and then 12,051.

S&P 500 targeting 2877

While the S&P 500 was knocked back yesterday, the price found support around the 50-day simple moving average (SMA).

A renewed move higher would head back to 2790, and from there the price will target 2877. The first areas to watch for support are 2730 and then 2670.

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