FTSE 100, DAX 40, SP 500 Analysis and Charts

​​​FTSE 100 hits yet another record high

​The FTSE 100 has so far seen four straight days of gains with each making a new record high ahead of this morning’s, the fifth day in a row around the 8,350 mark. Further up beckons the 8,500 region.

​The tentative April-to-May uptrend line at 8,280 offers support.

FTSEDaily Price Chart

FTSE 100 Bullish Data provided by of clients are net long. of clients are net short.

​DAX 40 trades at a one-month high

​The DAX 40 has seen four straight days of gains take it to a one-month high around the 18,450 level with the April record high at 18,636 representing the next upside target.

​Potential slips should find good support between the 24 and 29 April highs at 18,240 and 18,238.

DAXDaily Chart

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​SP 500 sees five straight days of gains

​The SP 500’s 3.5% rally from its early May low amid five consecutive days of gains has taken it to the 5,200 mark around which it may short-term lose upside momentum. A slip towards the 5,132 to 5,123 55-day simple moving average (SMA) and the late April high might be on the cards for this week.

​Were the recent advance to continue, the April record high at 5,274 would be back in the frame.

SP 500 Daily Chart