Skip to content

CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

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

Indices refuse to be deterred from moving higher, with little respite for the bears. 

Data
Source: Bloomberg

FTSE 100 takes out August highs

FTSE 100 has moved outside the resistance zone defined by 7436-7461 area. Above here, 7533 comes into play, and from there on to 7600 and all-time highs.

Dips back towards 7350 should remain buying opportunities. 

DAX solidifies its gains

Having returned to the June high, the DAX is pausing for breath. Despite this, there seems little reason to think that the uptrend has come to an end. We look for oversold readings on the four-hour stochastic as potential areas to add to existing positions or initiate new ones.

It will take a move below 12,400 to change the outlook here.

S&P 500 charges higher

The S&P 500 buyers remain in charge here, with each small dip being bought.

A move below 2490 is needed to reverse the outlook. 

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.

Find articles by writer