FTSE 100 is back above 8100
The index has continued to recover from the lows of the week. It now finds itself back above 8100, and thus above the support zone of June and July.
Further gains target the 8300 level and then on to 8400. A close back below 8050 would suggest some additional near-term weakness.
FTSE 100 Daily Chart
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S&P 500 fills Monday’s gap
Another leap higher yesterday means that the index has now filled the gap down from Monday.
This bullish development puts the S&P 500 on course for more gains, towards 5400 and then 5560 from late July. Sellers will need a reversal back below 5200 to negate the bullish outlook.
S&P 500 Daily Chart
Nikkei 225 rebound goes on
The rebound off the lows of the week continues, with the Nikkei 225 having surged over 4000 points from its low. While it remains significantly lower…
