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 8788 to 8792. Further up sits last week's 8836 all-time high.
The January to February uptrend line at 8728 offers support ahead of last week's 8702 low. If slipped through, the late January high at 8693 would be back in focus.
FTSE 100 daily chart
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.
DAX 40 daily chart
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 6128 January peak. If bettered, the 6200 region would be next in focus.
Minor support below the 6118 late January high is seen around the 7 February high at 6100.
S&P 500 daily chart
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