​​​FTSE 100 in recovery mode​The index continues to recover from its low on Monday, rallying back above 8000 yesterday and moving higher in early trading.​Further gains target the August high at 8400, and then on to the record high from May just below 8500. A close above the June and July support level of around 8140 bolsters the bullish view, while a reversal back below 8040 would negate this view for now.FTSE 100 Daily Chart
of clients are net long.
of clients are net short.
Change in
Longs
Shorts
OI
Daily
-17%
18%
-3%
Weekly
89%
-47%
-15%
​​S&P 500 struggles to push higher​A more modest bounce has been seen here over the last few days, with the price rebounding off the lows but struggling to make further progress.​A close above 5300 would help to support a bullish view and provide further indications that a low has been formed. Sellers will be watching for a move back below 5200, indicating that a new move lower towards 5100 could be at hand.S&P 500 Daily Chart​​Nikkei 225 rebounds above 35,000​The index has rallied once more, after an indecisive session on Tuesday.​While it remains heavily oversold, it has moved back above 35,000. Further gains target the April low at 36,707 and the late May low at 37,660. A turn lower below 37,000 risks the creation of a lower high and renewed bearish momentum.Nikkei 225 Daily Chart
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