CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.

Levels to watch: FTSE 100, DAX and S&P 500

Equities remain unsteady ahead of the Fed decision, as the bounce from Monday’s lows fizzles out.

Chris Beauchamp ChrisB_IG
Chief Market Analyst, London

Publication date : 2018-03-21T09:30:42+0000

Video poster image

FTSE 100 rebound peters out

The rebound yesterday has not lasted long, and has not recovered much lost ground for the FTSE 100.

A turn lower back below 7061 now suggests that 7025 will be tested. Below this, 6978 and then 6919 come into view as possible support. A move back above 7150 is needed to restore a semblance of bullishness.

FTSE 100 chart

FTSE 100 chart

DAX turns lower

Here the bounce from Monday’s lows was more substantial for the DAX, but now it appears to be turning lower once again.

Further declines will target 12,115, 12,051 and then 11,908.

DAX chart

DAX chart

S&P 500 rally stalls

The S&P 500's rally from the lows has stalled at 2730. Further falls will target 2682, 2647, and then 2628.

For the time being, the sequence of higher lows is intact, but a drop through Monday’s low at 2693 will change this.

US 500 chart

US 500 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.

Find an article

Find articles by writer

CFDS are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.

This website is owned and operated by IG Bank S.A. Registered address at 42 Rue du Rhone, 1204 Geneva, authorised and regulated by FINMA.

The information on this site is not directed at residents of the United States and Belgium, or any particular country outside Switzerland and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.