Nasdaq 100 struggles to rally and FTSE 100 remains stuck in a range
While US indices have come under pressure, the FTSE 100 continues to move sideways.

Nasdaq 100
Repeated attempts to rally yesterday were beaten back, as the downward move from the Nasdaq 100 Wednesday high continued. The selling has halted overnight around 19,800, but buyers will need a close back above 20,000 to suggest that the move higher from a week ago is still intact. Renewed declines target 19,400, and then on to the March lows.

FTSE 100
The FTSE 100 index continues to drift sideways, with buyers still defending the area above 8600, but no sign of a push above 8700 to clear resistance from Tuesday and Wednesday. A clear idea of the next possible move awaits a break of this range.

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