FTSE 100, DAX 40 and S&P 500 recover from their recent lows

​​Outlook on FTSE 100, DAX 40 and S&P 500 ahead of probable 25 bps ECB rate cut.

​The FTSE 100 formed a potentially bullish hammer formation on Tuesday. It will be confirmed if a daily chart close will be made above Tuesday’s high at 8,268 on Tuesday. As long as Tuesday’s low and the April-to-June uptrend line at 8,199 to 8,192 underpin, Monday’s high at 8,364 will be back in the picture.

​Failure at this week’s low and the 55-day simple moving average at 18,361 to 18,325 would put the late April high at 18,238 on the map.

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