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.

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

US markets are stuck in a range, but the FTSE 100 has managed to bounce after days of losses.

FTSE 100 pushes on from bounceback

Yesterday’s rebound put the FTSE 100 price back above the 50-day simple moving average (SMA), recovering the losses of the previous four sessions.

Now the 6920 area and then descending trendline resistance just below 7000 come into play. A breakout from there targets 7127 and then 7279. A more bearish view requires a move back below 6800.

DAX tries to break higher again

The pullback from the DAX's Friday high is still running its course, it seems, though dips below 11,180 have found buyers. If this support level remains in place then 11,250 and then 11,320 come into play, but we need to see a break above 11,250 first.

Yesterday’s attempt ran out of steam, and a second move higher later in the day also ran into resistance around this level. A close below 11,180 suggests a bearish view has developed.

S&P 500 remains in a range

Broadly, a range between 2620 and 2670 is now in place here, with the S&P 500 showing little inclination to extend itself in one firm direction or another. Overnight, the gains have stalled around 2650, but a short uptrend from Monday’s lows is still in place.

Above 2650, the 2670 zone comes back into play, with a daily close above here marking a resumption of the post-Christmas uptrend. Below 2620, the index may continue to move lower, potentially resulting in a retest of the December low.

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.