Levels to watch: FTSE 100, DAX and S&P 500
Yesterday’s late gains appear to be slipping away, as the end of the quarter looms.
FTSE 100 could push on
The FTSE 100 sell-off of the past two days has paused around 7160, and if this forms a base around this level then a push higher may develop, if the index can clear 7220.
Further gains target 7370. Fresh declines below 7150 will target the support zone around 7084.
DAX's gains erased
DAX small gains from the second half of yesterday’s session have been swiftly erased as losses continue across Europe.
Yesterday’s low at 11,270 will likely be challenged, and then from there 11,020 and 10,860 are areas of possible support. A rebound above 11,470 would break the trendline in place from last week’s high.
A breakout for S&P 500?
A possible wedge on the four-hour chart of S&P 500 highlights the possibility of a breakout back towards 2850 if the index can summon up the necessary momentum.
The 2780 level stemmed the selling yesterday and, below this, 2740 comes into view.
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