FTSE 100 bull bias, Dixons Carphone a good bet? - City Index

Ken Odeluga, Market Analyst at City Index, joins Zak Mir, Technical Analyst at Zak’s Traders Cafe, and Alessio Rastani - Independent Market Trader at Leading Trader, and discusses what the technical charts say for FTSE 100, S&P 500, and the UK stock Dixons Carphone

Highlights:

FTSE 100 - FTSE 100 trends are long lasting and very robust. Been in an uptrend since January this year. Market is holding the upward channel. Upside target above 7k.

S&P 500 - Back above the uptrend line present since February this year. Things are looking very strong. We have exhausted current leg, there is support at 2193.80.

Dixons Carphone - Strong relation to Black Friday sales.

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