Home Forex ​​​FTSE 100 Surge Pauses while DAX 40, S&P 500 Consolidate Below Record Highs

​​​FTSE 100 Surge Pauses while DAX 40, S&P 500 Consolidate Below Record Highs

by admin


FTSE 100, DAX 40, and S&P 500 Prices and Analysis

​​​FTSE 100 rallies to ten-month high

​​The FTSE 100’s rally to its 7,902 ten-month high on the back of the Bank of England’s (BoE) dovish stance amid a falling British pound may give way to some profit-taking ahead of the weekend. ​Strong support now comes in between the December-to-mid-March highs at 7,786 to 7,747.

​A rise above 7,902 will likely engage the 7,938 April 2023 peak.

FTSE 100 Daily Chart

Recommended by Axel Rudolph

Traits of Successful Traders

DAX 40 is expected to consolidate below this week’s record high

​The DAX 40 is likely to short-term consolidate below this week’s new 18,210 record high as investors might take some chips off the table ahead of the weekend. ​Support can be seen between Thursday’s 18,052 low and the 18,044 mid-March high as well as along the February-to-March accelerated uptrend line at 18,008.

​Above 18,210 lies the 18,500 region.

DAX 40 Daily Price Chart

S&P 500 made yet another record high

​The S&P 500 has risen to yet another record high, this time at 5,261, a rise above which would put the 5,300 mark on the cards. ​Minor support below the 5,200 mark can be spotted at the 5,165 early March high.

​Much further down the October to March uptrend line at 5,155 continues to offer support.

S&P 500 Daily Price Chart




of clients are net long.




of clients are net short.

Change in Longs Shorts OI
Daily 3% -4% -2%
Weekly -11% 4% -2%




Source link

related posts

Leave a Comment