FTSE 100, DAX and S&P 500 all continue to move higher
Indices have moved lower overnight, but for now the ongoing rallies are still intact.
FTSE 100’s uptrend intact despite weakness
The FTSE 100 has dropped back from its one-month high of yesterday, but for now the trend remains intact. A higher low above 5600 would provide a fresh buying opportunity, targeting 5940 and higher.
A move below 5600 would suggest a more bearish view, although we would need to see a lower high to provide a potential entry point.
![FTSE 100 chart](http://a.c-dn.net/c/content/dam/publicsites/igcom/uk/images/content-2-chart-images/FTSE_150420.png)
DAX drops back but uptrend continues
The smooth move higher continues for the DAX, although we have seen some weakness overnight. However, the uptrend only really ends with a move back below 10,200, which might bring 10,000 and then 9400 into view in the short term.
If the overnight drop is another higher low, and thus a possible buying opportunity, we look for a move back to 10,800 and higher, heading towards 11,100.
![DAX chart](http://a.c-dn.net/c/content/dam/publicsites/igcom/uk/images/content-2-chart-images/DAX_150420.png)
S&P 500 edges back from key zone
The S&P 500 has rallied back to the area around 2900 that marks a key point for any further gains. This is the area that acted as support briefly in late February, and then saw the market gap through it in early March.
If it can close this gap with a move above 2900 and through the 50-day simple moving averge (SMA) at 2880, then further bullish momentum may develop. In the short term, the 2730-2750 area may provide support, with a drop below this beginning to move the outlook to a more neutral stance.
![S&P 500 chart](http://a.c-dn.net/c/content/dam/publicsites/igcom/uk/images/content-2-chart-images/SPX_150420.png)
This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.
![](http://a.c-dn.net/c/content/dam/publicsites/igcom/uk/images/Rebrand/Article_banners/Indices_global_component_banner.jpg/jcr:content/renditions/original-size.webp)
Seize your opportunity
Deal on the world’s stock indices today.
- Trade on rising or falling markets
- Get one-point spreads on the FTSE 100
- Unrivalled 24-hour pricing
See opportunity on an index?
Try a risk-free trade in your demo account, and see whether you’re on to something.
- Log in to your demo
- Try a risk-free trade
- See whether your hunch pays off
See opportunity on an index?
Don’t miss your chance – upgrade to a live account to take advantage.
- Get spreads from one point on the FTSE 100
- Trade more 24-hour indices than any other provider
- Analyse and deal seamlessly on smart, fast charts
See opportunity on an index?
Don’t miss your chance. Log in to take your position.
Live prices on most popular markets
- Forex
- Shares
- Indices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.