Nasdaq 100 and FTSE 100 make small gains
Friday saw a strong recovery for US indices, with some additional gains in early trading.
US Tech 100
The US Tech 100 index managed to bounce on Friday, which, coupled with the rally off the lows of the week on Tuesday and Wednesday, boosted hopes that a bottom has formed.
Early trading has seen the price continue to slip back from Friday's highs, with no sign of fresh buying emerging, but if the price can hold above 19,400 then a more bullish view may yet emerge. This would then target 19,700 and on towards the 200-day moving average.
US Tech 100 daily chart
FTSE 100
Friday's price action bolstered the bullish view for the FTSE 100 index, as it continued the rally from the lows of the week reached on Tuesday.
So far there has been a drift lower in early trading, but sellers will need to see a close back below 8500 to put some further pressure on the index. A resumption of the move higher targets 8800 and then 8912, the March high.
FTSE 100 daily chart
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