​​​FTSE 100 slumps below support​Heavy losses for indices around the globe continue to weigh on the FTSE 100, and the price is dropping through the support zone around 8120 that has held since June.​A close below this and the 100-day SMA would mark a bearish development and open the way to support at 8044 and then 7976. Buyers will need a recovery back above 8150 to suggest that support has been recovered.FTSE 100 Daily Chart​​S&P 500 finally ends low volatility run​Yesterday saw the index drop 2% for the first time in 356 trading days, its longest streak since 2017.​The price has returned to the 50-day SMA for the first time since late May. Further declines will test possible support at 5350 and then 5274. A close back above 5500 in the short-term might suggest that a low has formed, and could put the price on course to test recent highs.S&P 500 Daily Chart​​Nikkei 225 dives to 200-day MA​The Nikkei 225 has slumped 11% from its July high to the current low, returning to the 200-day SMA for the first time since 31 October. ​This move completely wipes out the gains made in the index from late June. Further declines would head to the 37,000 level last seen in late April.​In the short-term, a close back above 38,000 might suggest a low has been formed, though it would then need to push past the 39,000 area from May and June to solidify hopes of a sustainable bounce.Nikkei 225 Daily Chart
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