Levels to watch: FTSE 100, DAX and S&P 500
Indices continue to move higher, buoyed by trade talk hopes.
FTSE 100 back to February highs
The FTSE 100 has returned to the highs seen a month ago at 7260.
From here the next major area of possible resistance would be around 7470, with a retest of trendline resistance from the all-time high. Further gains would target 7560. Intraday, we have seen a steady move higher over the past few days, but a pullback that holds above 7200 would likely constitute a buying opportunity.
DAX back at 11,700 resistance
A steady climb since 8 March has seen the DAX return to the 11,700 area that marked the peak at the beginning of the month.
From here, the 200-day simple moving average (SMA) at 11,753 comes into play, and then on to 11,880 and then 12,102. A move below 11,540 would imperil the uptrend line from the December low.
S&P 500 moves above crucial resistance
Last week’s gains mean that the S&P 500 is now back above the 2815 highs of late 2018.
From here the only levels to watch are 2866 and then the all-time highs at 2940. Short-term pullbacks may find support and the bullish view persists unless we see a move below 2800 in the short term, and below 2720 on a longer-term view.
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.
