Skip to content

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

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

Indices continue to find support, and we are beginning to see meaningful upward momentum developing.

Video poster image

FTSE 100 shrugs off political turmoil

Steady gains are still in evidence, as the FTSE 100 clocks up a new higher high overnight in its move off the lows of last week.

A recovery back above 6840 would be a positive development, and then put 6920 and 7120 into the frame as upside targets. The bullish view persists until the index drops back below 6740.

FTSE 100 chart

DAX higher, but more work to be done

The losses for the DAX have stopped for now, but it is not yet clear that a sustained move higher is underway.

A close back above 10,823 would deliver a more bullish message, while a recovery above 11,000 would be a further sign that the buyers are back in charge. A move back below 10,650 would likely invalidate the bullish outlook.

DAX chart

S&P 500 recovers after choppy Tuesday

The gains continue here, as the S&P 500 recovers from yesterday’s sell-off.

Having held 2600 earlier in the week, the index continues to move higher, although it remains within the 2620-2820 range. A meaningful break higher requires a close above 2820. Further hurdles along the way include 2700 and the 50-day simple moving average (SMA) at 2730.

S&P 500 chart

IGA, may distribute information/research produced by its respective foreign marketing partners within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

This information/research prepared by IGA or IG Group is intended for general circulation. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. You should take into account your specific investment objectives, financial situation or particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. 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. In addition to the disclaimer above, the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.

See important Research Disclaimer.

Find articles by writer