FTSE 100 extends features
The FTSE 100 has seen eight straight days of features as charge lower expectations on each side of the Atlantic stay firmly entrenched. The late July and early August excessive at 8,404 is being eyed, now that the 8,278-to-8,314 late June to mid-July highs have been bettered.
Minor assist beneath Wednesday’s excessive at 8,313 could be seen alongside the 55-day easy shifting common (SMA) at 8,215.
FTSE 100 Each day Chart
| Change in | Longs | Shorts | OI |
| Each day | -6% | 2% | -1% |
| Weekly | -17% | 17% | 4% |
DAX 40 surges forward
The DAX 40’s restoration from final week’s 17,021 low has accelerated to the upside, following strong US retail gross sales information which pushes recession fears apart. The 55-day easy shifting common (SMA) at 18,250 acts as minor resistance however an increase above it will have interaction the July-to-August resistance line at 18,392. Additional up sits the 18,580 pre-sell-off excessive.
Potential slips might discover assist between the 19 and 25 July lows at 18,149-to-18,095.
DAX 40 Each day Chart
Advisable by Axel Rudolph
Constructing Confidence in Buying and selling
S&P 500 on observe for a seventh straight day of features
The S&P 500’s rally is gaining upside momentum and has reached the early August excessive at 5,564 round which it might short-term pause. If not, the July peak at 5,669 will probably be subsequent in line.
The breached July-to-August downtrend line and 55-day easy shifting common (SMA) at 5,469-to-5,462 at the moment are anticipated to behave as assist, have been they to be revisited.
S&P 500 Each day Chart
