FTSE 100, Dow Jones 30, Nasdaq 100 Daily Prices, Analysis, and Charts
You can download our brand new Q2 Equities Forecast below:
​​​FTSE 100 on a high after solid Q1 gains
​The index begins the new month and quarter close to the 8000 level, after an impressive recovery from the lows of January.​The record high from February 2023 at 8045 is now in sight, though the price has also slipped below the 7976 high from March last year.
​Short-term support could be found around 7885, while a deeper pullback targets 7763.
FTSE 100 Daily Chart
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​Dow shies away from 40,000
​Monday’s session saw the Dow pull back from another record high, as 40,000 continues to elude the index for the time being.​Potential horizontal support at the previous high of 39,287 may now be tested, while below this is rising trendline support from early January.
​​Psychological resistance at 40,000 continues to be the main target for the index in any upward move.
DowJones Daily Chart
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​Nasdaq 100 drifts sideways
​The sideways price action continues here, as the index fell back from Monday’s high even as buyers have appeared to forestall any downside.​The index remains close to the recent record high at 18,466, maintaining the overall uptrend, even if upward progress has been lacking over the past two weeks.
​Trendline support from early January remains in place, while below this is the March low at 17,805.
Nasdaq 100 Daily Chart
