Skip to content

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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. 70% 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 S&P 500

The week has seen the steady recovery continue, and it looks like there is more to come for indices.

Video poster image

FTSE 100 keeps pushing higher

Yesterday’s retreat towards 6850 provided a new higher low for buyers to enter, the FTSE 100 then duly pushed to a new higher high in the current move higher.

Having moved above the 50-day simple moving average (SMA) of 6905, the index is now looking to test trendline resistance from the August highs, which would suggest resistance around 7050-7060. The longer-term picture remains bearish unless this line is broken. However, for the time being pullbacks look to be buying opportunities.

FTSE 100 chart
FTSE 100 chart

DAX targets 11,000

Early weakness yesterday resulted in a higher low and then a higher high, as the DAX pushes on towards 11,000.

The 50-day SMA at 11,038 is the next target, while the support zone around 11,050 could also provide some resistance. The bullish view prevails in the short term unless we see a move below 10,800.

DAX chart
DAX chart

S&P 500 eyes up 2600

The steady move higher continues here, with the S&P 500 moving towards 2600 and continuing its recovery.

The next area of resistance to watch would be the 2624-2632 zone, marked by the lows of October and November, and the 50-day SMA. Immediate support is found around 2550.

S&P 500 chart
S&P 500 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.

See your opportunity?

Seize it now. Trade over 17,000+ markets on our award-winning platform, with low spreads on indices, shares, commodities and more.

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.