FTSE 100, DAX 40, S&P 500 Analysis and Charts
FTSE 100 on track for third day of gains
On Monday morning the FTSE 100 briefly rallied above last week’s high at 8,345 before giving back some of its recent gains. Above Monday’s 8,364 intraday high lies the 8,400 region and the May record high at 8,479.
Potential slips may find support around the 24 May low at 8,249.
FTSE 100 Daily Chart
| Change in | Longs | Shorts | OI |
| Daily | 41% | 1% | 12% |
| Weekly | 48% | -15% | -1% |
DAX 40 remains short-term bid
The DAX 40’s bounce off last week’s low at 18,379 has so far taken it to Monday’s intraday high at 18,700 before stalling ahead of Thursday’s European Central Bank (ECB) meeting at which a 25 basis-point rate cut is expected to be announced. If the 18,700 level were overcome, the late May high at 18,854…
