Stock market technical analysis discussing the S&P 500, FTSE 100 and DAX 30 following some poorer economic data, plus a look at the GBP/USD forex pair ahead of the UK and US Q1 GDP figures. This week, Michael Hewson’s video analysis reviews trends, chart patterns and key support and resistance levels for:
  • S&P 500 – last week’s bearish formation could see correction on a break below 1530
  • FTSE 100 – head and shoulders pattern possible if we break below 6200
  • GBP/USD – needs to break above $1.5350 to maintain medium-term uptrend
  Also see: Video content by Michael Hewson of CMC Markets. Content provided by CMC Markets. CMC Markets UK plc and CMC Spreadbet plc are authorised and regulated by the Financial Services Authority in the UK, registered offices, 133 Houndsditch, London, EC3A 7BX.