CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

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

Overnight weakness has provided a possible dip buying opportunity in the short term, although caution persists ahead of the Federal Reserve meeting.

FTSE 100 recovers from pullback

The FTSE 100 suffered a sharp reverse yesterday, but the pullback formed a higher low and thus the rally remains intact.

Further gains target 7350, the highs from yesterday’s session. Renewed weakness below 7270 might suggest that a push back towards 7210 is a possibility.

Higher low supports DAX

A higher low has been created overnight for the DAX, holding rising trendline support from the lows of 14 March.

A renewed push higher targets 11,830, while a drop below the overnight low of 11,670 would suggest a push back to 11,610.

S&P 500 claws back losses

Already the S&P 500 is recovering its overnight losses, having managed to hold above 2820.

The bullish view remains intact unless it drops back below 2815. The near-term targets on the upside are 2852 and then 2869.

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