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 mixed in early trading

Indices are looking to resume their move higher, although some signs of weakness are appearing.

FTSE 100 still firmly in uptrend

The FTSE 100 has continued to rally, hitting a new higher high early yesterday at 6500, before dropping back towards 6320.

Further declines may bring trendline support into view around 6275, or alternatively longer-term support from the March low, closer to 6200. As noted previously, the index has yet to create a lower high and lower low, so for now the bulls still have the upper hand. A fresh rebound targets 6500, and from there the 200-day simple moving average (SMA) at 6823 comes into view.

DAX edges back down

For the DAX, we may finally have the makings of a lower high, as the rebound from yesterday’s lows eases off below 12,750 and the 50-hour SMA.

Further declines below 12,500 would reinforce a short-term bearish case, targeting 12,300 in the first instance. This slightly more negative view would arguably be cancelled out with a rally through 12,760, which would suggest another push towards 12,960 and higher.

S&P 500 looks for new direction

The S&P 500 has drifted sideways for the past three sessions, holding in a tight range around 3200.

This leaves the uptrend intact, but a short-term drop towards 3150 would bring trendline support into play. Alternatively, a renewed push higher now that the index has cleared 3200 will target the February record high at 3393.

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

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.