FTSE 100, DAX and S&P 500 all seeing rebounds
The gains of the week continue for indices, after an impressive recovery for US stocks yesterday.
FTSE 100 in rising short-term trend
We have continued to see strong gains for the FTSE 100, with a new higher high above 5800 yesterday.
The price found support around 5500 in early trading on Thursday, before bouncing. A higher low above 5500 would open the way to 5894 and then on to 6205.
DAX still needs to break 10,000
The DAX continues to hold on to the gains of the past few days, but gains above 10,000 have proven impossible to sustain.
Rallies to 10,140 have run out of steam, so the index needs to clear this to embark on a broader push higher. Meanwhile, 9515 and 9425 are near-term support.
S&P 500 continues to stage recovery
Thursday saw a dip to 2400 for the S&P 500, followed up by an impressive rebound that saw the price hit 2650, creating a new higher high.
So far momentum continues to fade, but if we see another higher low above 2450 further buying momentum may develop. This would target 2710, and then on to 2890.
This information has been prepared by IG, a trading name of IG Markets 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. See full non-independent research disclaimer and quarterly summary.
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
- Equities
- Indices
- Forex
- Commodities
Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
