Outlook on FTSE 100, DAX 40 and S&P 500 ahead of US May Non-Farm Payrolls and average hourly earnings data.
The FTSE 100 formed a bullish hammer formation on Tuesday which was confirmed by Thursday’s daily chart close above Tuesday’s high at 8,268. A gradual advance towards Monday’s high at 8,364 remains at hand, provided that US Non-Farm Payrolls don’t throw a spanner in the works and that the April-to-June support line at 8,218 underpins.
The S&P 500 trades in all-time highs around the 5,360 mark ahead of today’s US Non-Farm Payrolls with the 5,400 mark remaining in sight, provided that Thursday’s low at 5,334 underpins. Above this level minor support can be seen at the 5,343 May peak.
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