​​​While FTSE 100 remains range bound, DAX 40 and S&P 500 see days of losses​​​

FTSE 100, DAX 40, S&P 500 Analysis and Charts

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​​​FTSE 100 remains side-lined​The FTSE 100 continues to range trade but is seeing a series of lower highs along the 55-day simple moving average (SMA) at 8,263 which this week acted as resistance. On the flip side, the May-to-July lows at 8,138 to 8,106 continue to act as solid support.​The July highs at 8,270 to 8,287 need to be overcome, for the late June peak at 8,314 to be reached. Similarly, a fall through and daily chart close below the 8,106 early July low may lead to the early- April-to-early-May lows at 8,095 to 8,017 being revisited.FTSE100 Daily Chart​​DAX 40 sees four straight days of losses​The DAX 40’s advance to last Friday’s 18,782 high, made close to the 18,786 early June peak, has been followed by four consecutive days of losses with perhaps a fifth being seen today with the 9 July low at 18,211 representing a possible downside target.​Minor resistance can be spotted along the 55-day simple moving average (SMA) at 18,475.DAX 40 Daily Chart

of clients are net long.

of clients are net short.

Change in

Longs

Shorts

OI

Daily
10%
-6%
-1%

Weekly
32%
-20%
-5%

​​S&P 500 comes off its record high​The S&P 500 is starting to come off its 5,669 record high and has now fallen through its May-to-July uptrend line which, because of inverse polarity, should now act as a resistance line at 5,594.​So far the 5,524 June high has acted as support but below it lies the 24 June low at 5,446 which may also act as support in the days to come.​Above the 5,669 all-time high lies the psychological 5,700 mark.S&P 500 Daily Chart
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