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Levels to watch: FTSE 100, DAX and S&P 500

The bullish outlook remains, despite a mixed session on Thursday.

Chris Beauchamp ChrisB_IG
Chief Market Analyst, London

Publication date : 2018-03-16T09:19:42+0000

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FTSE 100 struggles with constant rally

While the FTSE 100 does continue to hold the rising trend from the February lows, it has not been able to rally on a sustained basis.

Gains above 7170 have been knocked back, so we look to 7100 and 7050 as possible support.

FTSE 100 chart

FTSE 100 chart

FTSE 100 chart

DAX continues along rising trendline

A steady recovery remains in place for DAX, with the rising trendline from the March low continuing to hold.

The first target comes in at 12,477, followed by 12,551. A turn lower would test the rising trend, around 12,280, and then on to 12,115.

DAX chart

DAX chart

DAX chart

S&P 500 rises after sideways trade

A mixed session yesterday saw the S&P 500 trade sideways, but the rising trend from the February low is still intact.

As a result, we look for another push to 2800. A close below 2730 is needed to put a more bearish view on the index.

US 500 chart

US 500 chart

US 500 chart

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