CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure. CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure.

FTSE 100, DAX and S&P 500 all push higher

Indices have begun the week with gains, adding to the move higher that has been in place for over a month.

FTSE 100 builds on recent gains

The recovery from last week’s low continues, with the FTSE 100 now heading towards 5900 once again. This acted as resistance earlier in the month, and a move through here creates a new higher high.

Above this, the 50-day simple moving average (SMA) at 6002 comes into view, and then from there the zone around 6300, the gap down from early March, becomes the next upside target. A break of the rising trend and higher lows from 15 April requires a push back below 5710.

DAX looks to take out recent highs

Over the past three weeks losses for DAX have been contained at 10,200, with dips to this level finding support. Now the price is pushing back towards the recent highs at 10,800, and a move above this (and the 50-day SMA) would provide further confirmation of the bullish near-term view.

The next hurdle in any bigger move higher then becomes the 11,250 area, the gap down from early March. A move back below 10,200 is needed to tilt the outlook towards a more bearish view.

S&P 500 eyes a break above 2900

There has been a steady recovery here since last Tuesday’s low, and now the S&P 500 is targeting a move through 2900.

This would breach the previous higher high from earlier in April, and if it can clear 2980 then the index will also be back above the gap down from early March, a notable victory for the bulls. Bullish momentum remains firmly in place, as we have seen, and with 2730 having provided support over the past three weeks a more bearish view will first require a break below this level.


This information has been prepared by IG, a trading name of IG 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.
CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

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

  • Forex
  • Shares
  • Indices
liveprices.javascriptrequired
liveprices.javascriptrequired
liveprices.javascriptrequired

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 Friday. 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 CFDs.

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