Levels to watch: Dax and S&P 500

European markets have been distinctly lacklustre in recent weeks, compared to the ongoing progression of record highs in the US. 

data analysis figure

Dax testing support at 12,954

While the FTSE 100 touches new records and the Dow aims for 25,000, the DAX continues to languish around 13,000. It is currently testing support at 12,954, with the vital 12,844 level below this.

A close below here would target 12,678. If the bulls can hold 12,954 then 13,211 and 13,350 come into play. 

DAX price chart

S&P 500 - all-time highs on the way?

The S&P 500 has recovered over the past week, finding support around 2680. The 2694 all-time highs is the next target to watch. 2671, 2665, 2658 and then 2648 are all potential areas of support. 

S&P 500 price chart

The information 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 Bank S.A. 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 and as such is considered to be a marketing communication.