FTSE 100 weakens as Dax and S&P 500 edge up
The FTSE 100 has been struggling in early trading, but the Dax and S&P 500 look set to move higher once more.
FTSE 100 gives up gains
Monday’s gains have been mostly given back, as the index drops back towards 6000 and reverses the nascent bullish outlook from earlier in the week. Having fallen below yesterday’s low at 6020, the index now targets Friday’s low at 5950. A reversal above 6060 might help restore a more bullish view, putting 6140 back into view.
Dax holds above 13,000
The modest overnight bounce came under pressure in early trading, but for now the DAX price continues to hold above 13,000. Further gains above 13,100 bring 13,200 and higher into view, with higher highs reinforcing the bullish view.
S&P 500 still rallying
After Tuesday’s mixed session, S&P 500 look set to attempt another push higher. Further gains above 3450 put the index in new record high territory. It would take a drop below 3400 to suggest that a deeper near-term retracement is in play.
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