CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved.

FTSE 100, DAX and S&P 500 see upward momentum stall

Indices are struggling in early trading, as geopolitical concerns begin to weigh.

FTSE 100 hovers below 6200

The FTSE 100 remains skittish around 6200, showing no real desire to break and hold above this level.

This may increase the chances of a retracement, targeting 5900 and then 5650 in the first instance. Rising trendline support from 14 May low comes into play around 6105, while a move above 6250 revives the current uptrend, creating a new higher high.

DAX continues to climb

The bounce here for the DAX shows no sign of slowing either, with a retracement from the highs earlier in the week merely providing a possible entry point for longs.

A reversal would need to begin with a move below 11,450, which would bring 11,265 into view in the short term.

S&P 500 nears trendline support

Rising support may be tested here today as the S&P 500 retreats from its highs above 3050.

A move below 3000 breaks this trendline support, although we will need to see a lower high on the hourly chart early next week to provide some confirmation that a reversal is in progress. Further gains target the peak from earlier in the week, at 3070.

This information has been prepared by IG, a trading name of IG Markets 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.

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 40
  • The only provider to offer 24-hour pricing

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. All share prices are delayed by at least 20 minutes. Prices are indicative only.

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.