The FTSE 100 has rebounded strongly, recovering from its recent low of 8,070 to reach the downtrend line between October and November at 8,258. Currently, the index is facing resistance at the 55-day simple moving average of 8,273, and if this resistance is overcome, the next target is the high from late October at 8,326.

There is minor support at the high from November 1 at 8,203. In the U.S., the NASDAQ 100 has experienced a bullish reversal from its three-week low of 19,877 and is approaching its late October peak of 20,652. Surpassing this level would set a new milestone at the all-time high of 20,760 from July. Support levels are noted at the mid-October high of 20,499 and the late September peak of 20,316.

The S&P 500 is currently trading at new record highs, having rallied from a low of 5,696 earlier in the week. It is now above the mid-October peak of 5,882, with the next target being the psychological level of 6,000. There is minor support below the recent low of 5,840, with additional support at the late September high of 5,773.