Global Indices Rebound Stalls at Fibonacci Resistance — Dow Jones, S&P 500 & FTSE 100 Struggle to Reclaim Lost Ground  
DJI · SPX · UKX

Dow Jones down 0.56%, S&P 500 holding by a thread at 6,816, FTSE 100 slipping below key resistance at 10,572 — as the US Navy moves to blockade the Strait of Hormuz and Q1 earnings season officially opens.

Q1 2026 Rebound Runs Out of Steam at Key Fibonacci Resistance Levels

Global equity indices are navigating a technically critical juncture today. After the brutal Q1 2026 selloff — triggered by Strait of Hormuz geopolitical tensions and elevated 10-year Treasury yields at 4.68% — all three major indices staged an impressive rebound from their March lows. However, that rebound is now encountering defined Fibonacci resistance: the S&P 500 is pressing against the Fib 0.786 at 6,854, the Dow Jones is wedged between the 0.382 and 0.5 retracements, and the FTSE 100 is clinging to the Fib 0.236 at 10,572 with today’s candle printing a muted loss. RSI readings of 57–60 across all three suggest the recovery momentum is neither exhausted nor yet confirmed as a new trend — a true inflection point.

*  **S&P 500 at make-or-break Fib 0.786 (6,854):** A daily close above this level would signal a full technical recovery; rejection confirms the bear channel remains in control.
*  **Dow Jones (-0.56%) leads declines today:** Unable to sustain trade above 48,000 — the recovery is losing conviction precisely where it needs to accelerate.
*  **FTSE 100 faces dual headwind:** US-UK trade deal uncertainty and a stronger sterling are capping any breakout above 10,600 despite resilient UK economic data.
*  **RSI warnings across the board:** All three indices show RSI in the 57–60 zone — not yet overbought, but elevated enough to reject further upside without a fundamental catalyst.
*  **Tuesday’s US PPI is the week’s defining event:** A hot PPI print would send risk assets lower, pressuring all three indices back toward their Fibonacci mid-range support levels.
*  **US Q1 earnings season begins this week:** JPMorgan, Goldman Sachs, and Morgan Stanley report — strong earnings could provide the catalyst needed to push SPX above 6,854.

Read More: [https://www.capitalstreetfx.com/market-analysis/daily-indices-report-14-04-2026/](https://www.capitalstreetfx.com/market-analysis/daily-indices-report-14-04-2026/)

Global Indices Rebound Stalls at Key Fibonacci Resistance — Dow Jones, S&P 500 & FTSE 100 Technical Analysis | April 13, 2026 - Global Forex & CFD Broker