FTSE 100, DAX 40 on track for new record highs as S&P 500 heads towards 6100
FTSE 100, DAX 40 on track for new record highs as S&P 500 heads towards 6100 on bullish post US presidential inauguration sentiment.
FTSE 100 trades close to record high
The FTSE 100's strong rally has taken it to a record high at 8575 on Wednesday morning before giving back some of its overnight gains.
Above 8575 lies the 8600 region while minor support sits at Friday's 8534 high and at Monday and Tuesday's lows at 8484 to 8483. Further down lies the May peak at 8479 is expected to offer support ahead of the major 8419 to 8372 support area, made up of the July to December highs.
FTSE 100 daily chart
DAX 40 on track for sixth straight day of gains
The German DAX 40 index is on track to hit its sixth straight all-time high on Wednesday morning with the 21,200 region being next in line ahead of the 21,500 mark.
Minor support below Monday's 21,054 high sits between Friday's high and Tuesday's low at 20,926 to 20,863. Further down sits the 16 January 20,705 high and Thursday's 20,576 low ahead of the 20,527 December peak.
DAX 40 daily chart
S&P 500 is gunning for record high above 6100 mark
The S&P 500 is trading in one-month highs and is gunning for its near 6100 December record high, its 57th in 2024. The index is also on track for its fourth consecutive day of gains.
Above the 6100 mark lies the 6200 level as a potential upside target.
Immediate support can be spotted at the 26 December high at 6044 ahead of the early January high at 6018 and the psychological 6000 mark.
S&P 500 daily chart
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