​​​FTSE 100 Surge Pauses while DAX 40, S&P 500 Consolidate Below Record Highs

​​Outlook on FTSE 100, DAX 40 and S&P 500 ahead of the weekend.

​The DAX 40 is likely to short-term consolidate below this week’s new 18,210 record high as investors might take some chips off the table ahead of the weekend. ​Support can be seen between Thursday’s 18,052 low and the 18,044 mid-March high as well as along the February-to-March accelerated uptrend line at 18,008.

​The S&P 500 has risen to yet another record high, this time at 5,261, a rise above which would put the 5,300 mark on the cards. ​Minor support below the 5,200 mark can be spotted at the 5,165 early March high.Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk.

We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Information presented by DailyFX Limited should be construed as market commentary, merely observing economical, political and market conditions. This information is made available for informational purposes only. It is not a solicitation or a recommendation to trade derivatives contracts or securities and should not be construed or interpreted as financial advice.

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