FTSE 100, DAX 40 and S&P 500 look bid
FTSE 100, DAX 40 and S&P 500 look bid ahead of next week’s Fed monetary policy meeting.
FTSE 100 resumes ascent
The FTSE 100 recovers from its three-week low at 8235, made near the 55-day simple moving average (SMA) at 8239, and is about to overcome Thursday’s 8331 high. Once bettered, the December resistance line at 8357 will be in focus but may cap.
Below Friday’s 8279 intraday low lies the November-to-December uptrend line at 8260.
FTSE 100 daily chart
DAX 40 remains bid
The German DAX 40 has Monday’s 20,476 record high in its sight, a rise above which will lead to the 20,500 mark being eyed.
Minor support is found at Tuesday’s 20,260 low and further support around last Wednesday’s 20,264 high and Thursday’s 20,197 low. Still more important support can be seen around the psychological 20,000 mark ahead of the October peak at 19,683.
DAX 40 daily chart
S&P 500 remains above wedge support line
The S&P 500 still consolidates below last week’s 6099 record high but remains above its multi-month long wedge support line at 6053 ahead of the weekend. Were it to give way, the psychological 6000 mark would be back in focus.
A rise above last week’s high at 6099 would engage the July-to-December resistance line at 6127.
S&P 500 daily chart
The information 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 Bank S.A. 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 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. See full non-independent research disclaimer.
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, 1.2 on the Germany 40, and 0.4 on the US 500
- 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, 1.2 on the Germany 40, and 0.4 on the US 500
- 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.
