Levels to watch: FTSE 100, DAX and S&P 500
Yesterday’s late gains appear to be slipping away, as the end of the quarter looms.
FTSE 100 could push on
The FTSE 100 sell-off of the past two days has paused around 7160, and if this forms a base around this level then a push higher may develop, if the index can clear 7220.
Further gains target 7370. Fresh declines below 7150 will target the support zone around 7084.
DAX's gains erased
DAX small gains from the second half of yesterday’s session have been swiftly erased as losses continue across Europe.
Yesterday’s low at 11,270 will likely be challenged, and then from there 11,020 and 10,860 are areas of possible support. A rebound above 11,470 would break the trendline in place from last week’s high.
A breakout for S&P 500?
A possible wedge on the four-hour chart of S&P 500 highlights the possibility of a breakout back towards 2850 if the index can summon up the necessary momentum.
The 2780 level stemmed the selling yesterday and, below this, 2740 comes into view.
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.
Take a position on indices
Deal on the world’s major stock indices today.
- Trade the lowest Wall Street spreads on the market
- 1-point spread on the FTSE 100 and Germany 30
- The only provider to offer 24-hour pricing
Live prices on most popular markets