FTSE 100, DAX and S&P 500 all aiming to renew push higher
After ending last week in bullish form, indices are mixed, but still looking to continue their recent strong run.
FTSE 100 holds firm after defending 7000
The FTSE 100 continued to rally on Friday, building on Thursday’s recovery from 7000. If this marks a low, then intraday dips should continue to find buyers with an initial target of 7200 and then 7300.
The bullish view remains in place unless the price drops back below 7000. Any dip below 7100 would suggest a trading range is in place for now.
DAX edges down after rebound
Early trading this morning has seen the DAX come under some limited pressure, after its impressive rally on Thursday and Friday.
Short-term rising support comes into play around 11,960, which would create another higher low. Further gains head towards 12,100 and 12,165.
S&P 500 ready to build on recent gains
The S&P 500 and other US markets were electrified by non-farm payrolls (NFP) on Friday, surging throughout the afternoon.
The imminent start of US-China trade talks has held back sentiment, but overall the recovery is still intact. It looks like the index has established a higher low at 2860, and now strong end of year seasonality could play a notable part in driving the index higher.
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