FTSE 100 rises as DAX 40 comes off record high but S&P 500 may make a new one
FTSE 100 rises as DAX 40 comes off record high ahead of ZEW economic sentiment but S&P 500 may make a new one as US markets re-open.
FTSE 100 bounces off uptrend line
The FTSE 100 is seen bouncing off its January-to-February uptrend line and is flirting with the 10-to-11 February highs at 8,788-to-8,792. Further up sits last week's 8,836 all-time high.
The January-to-February uptrend line at 8,728 offers support ahead of last week's 8,702 low. If slipped through, the late January high at 8,693 would be back in focus.
DAX 40 comes off record high
The DAX 40 index is seen coming off this week's record high at 22,882 ahead of German ZEW economic sentiment and US markets re-opening after Monday's Presidents' Day holiday.
Above the current record high at 22,882 lies the 23,000 region.
Potential slips may find support around the 13 February high at 22,628.
S&P 500 close to reaching new record high
The S&P 500 is very close to reaching a new all-time high above its 6,128 January peak. If bettered, the 6,200 region would be next in in focus.
Minor support below the 6,118 late January high is seen around the 7 February high at 6,100.
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