FTSE 100, DAX and S&P 500 all struggling to hold their ground
Indices have proven unable to hold their gains from earlier in the week, with European markets under particular pressure.
FTSE 100 heading lower again
The FTSE 100 remains above the lows of last Friday, but with the small bounces of the past 36 hours being firmly sold there is an expectation that a retest of 6500 will occur in due course.
If the price can recover 6750 then a bounce back to 6850 is still a possibility. Below 6450, 6075 and then 5715 are downside targets.
DAX returns to recent lows
The DAX is now back to the lows of last week, and while a small bounce is underway, so far a more bullish view in the longer term requires a move back above 12,200, the top of this week’s range.
A daily close below 11,700 brings 11,265 and then 10,860 into view as possible targets.
S&P 500 under pressure
Despite the volatility, the S&P 500 is still more than 4.5% off the lows of last week. It was unable to hold on to gains around 3100, but Tuesday’s dip to 3000 found buyers, as this one may as well.
Further declines target last week’s low below 2900, and from there 2800 and 2730 are the next major levels to the downside. A recovery above 3100 provides a more bullish view in the short term.
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.
