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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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This information has been prepared by IG, a trading name of IG Markets Limited and IG Markets South Africa Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. International accounts are offered by IG Markets Limited in the UK (FCA Number 195355), a juristic representative of IG Markets South Africa Limited (FSP No 41393). South African residents are required to obtain the necessary tax clearance certificates in line with their foreign investment allowance and may not use credit or debit cards to fund their international account.