The FTSE 100 maintains a range-bound trading pattern with a bullish inclination

The FTSE 100 remains range-bound, trading above the 55-day simple moving average (SMA) at 8,213 but below Tuesday’s peak of 8,314. A breakthrough above this level would target the early June peak of 8,364. Conversely, a drop below Friday’s low at 8,187 might trigger a decline towards the May low of 8,138.

FTSE 100 Chart

The DAX 40 has reclaimed its position above the 50% retracement level.

The DAX 40 has moved above the 50% retracement level of the April-to-May advance, currently at 18,170. It is targeting the 55-day simple moving average (SMA) at 18,331, along with resistance levels such as Monday’s high at 18,357 and the early June low at 18,361.

If it retraces below the 50% level at 18,170, minor support is anticipated around Tuesday’s low of 18,071.

DAX Daily Chart

The S&P 500 has resumed its upward climb

The S&P 500 has recovered from recent losses and is approaching its Monday peak at 5,491, with its all-time high at 5,517 just above. This bullish outlook remains valid as long as Monday’s low at 5,444 holds as support. However, a unexpected drop below this level could prompt a revisit of the mid-June low at 5,393.

S&P 500 Daily Chart