FTSE 100 heads higher, as DAX and S&P 500 pause
UK markets continue to make headway, while both the DAX and S&P 500 are holding near record highs
FTSE 100 still pushing on after breakout
The FTSE 100 has continued to build on the gains of the past week, and is making further headway after breaking through the previous area of resistance (around 6800) seen in late February and mid-March. This puts it on course to head back to the January peak of around 6950. So far there has been no indication of a reversal of the current bullish price trend.
DAX calm after Tuesday drop
The price fell back yesterday, with sellers finally managing to make some headway. However, after the rally from the 14,400 low in late March this is only a small comfort. A deeper retracement that takes out rising trendline support from the February low would need a drop below 14,900.
S&P 500 holds close to recent peak
Once more the index sits contentedly near record highs, having bounced convincingly from the late March dip below the 50-day SMA. The bullish trend is firmly intact and remains so unless we see the price fall back below 3950 at least.
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