Skip to content

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Levels to watch: FTSE 100, DAX and Dow

European markets are showing signs of a potential pullback, with support levels worth watching for bearish signals.

Video poster image

FTSE 100 rally starting to lose traction

The FTSE 100 has started to ease back somewhat, following on from a period of substantial gains over the past three weeks. The rally through 7196 points towards a bullish picture from here on in.

However, with the price breaking below trendline support, there is a question over whether we will begin to see a retracement come into play from here. As such, watch for an hourly close below 7179 as a bearish signal for the short term. Until then, the intraday uptrend still remains intact, with the bullish wider view remaining unless we break below 7064.

FTSE 100 chart
FTSE 100 chart

DAX weakening from trendline resistance

The DAX has started to turn lower this morning, following on from a rally into trendline resistance.

The ability or inability to break through 11,389 is going to be key in determining where we go from here. As long as we remain below that level, there is a chance we could see this index turn lower, with a break below the 11,254 level providing a short-term bearish view.

DAX chart
DAX chart

Dow consolidates ahead of US return

The Dow Jones was closed yesterday, as the US enjoyed the Presidents Day national holiday. While the market was tradeable with IG, we saw little by way of price action, with the index trading largely flat over the period. Given the sharp rally coming into this sideways consolidation, there is a chance we could see the index retrace some of the rally from 25,276.

However, we would need to see a break below that level to negate this recent uptrend. To the upside, a break through 26,071 would provide us with a bullish continuation signal given it’s existence as a significant historical resistance level.

Dow Jones chart
Dow Jones chart

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.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Sunday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.


For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.