Levels to watch: FTSE 100, DAX and S&P 500

Indices have had a mixed week, with little in the way of progress to the upside. However, signs of bullishness are emerging again.

Breakout time for FTSE 100?

The FTSE 100 found buyers around 7380 yesterday, and is now pushing back towards trendline resistance from the all-time highs.

A close above 7465 suggests a move to 7560, with the bullish scenario prevailing unless we see a move back below 7380.

FTSE 100 chart

FTSE 100 chart

DAX targets trendline resistance

This week has seen support develop around 11,840 for the DAX, and the push higher since yesterday’s low is now challenging trendline resistance from the 4 April high.

Above 11,960 the index will head back towards 12,030, while a failure to push higher brings 11,840 back into view.

DAX chart

DAX chart

S&P 500 renews push towards recent highs

In the past week the S&P 500 has twice tried to breach 2895, with no success, but it is attempting another move towards this level in early trading.

Near-term support sits at 2880 and 2874 if the push higher fails.

S&P 500 chart

S&P 500 chart


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

  • Forex
  • Shares
  • Indices
Bid
Offer
Updated
Change
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Bid
Offer
Updated
Change
Bid
Offer
Updated
Change
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-

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.

All trading involves risk and losses can exceed deposits. Trading CFDs may not be suitable for everyone so please ensure that you fully understand the risks involved. All trading involves risk and losses can exceed deposits.