CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.

FTSE 100, DAX and S&P 500 all under selling pressure

Indices have fallen once again as the new session gets underway, rapidly giving back their limited overnight gains.

FTSE 100 under heavy pressure

The FTSE 100 has finally broken lower after bouncing around between 7280 and 7360 for a number of sessions.

Yesterday saw it drop through previous support and head to its lowest level since 10 September. A push below 7250 would open the way to 7200 and then towards 7060. A more bullish view would require a move back above 7280, where the brief overnight rebound ran out of steam.

Downtrend continues in the DAX

The DAX has seen lower lows and lower highs this week, and are continuing to lose ground this morning, pushing below Tuesday’s low at 12,230.

Rebounds towards 12,350 would run into possible trendline resistance, with any move that falters below 12,400 creating a lower high.

S&P 500 pushes below key support

A modest overnight bounce has failed to reverse the bearish impression created by yesterday’s break below 2980 for the S&P 500.

Indeed, the price moved towards 2980 and then reversed, pointing to this as significant resistance. A move below the Tuesday low around 2960 reinforces the bearish view.


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. 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. See full non-independent research disclaimer.

Seize your opportunity

Deal on the world’s stock indices today.

  • Trade on rising or falling markets
  • Get one-point spreads on the FTSE 100, 1.2 on the Germany 40, and 0.4 on the US 500
  • Unrivalled 24-hour pricing

See opportunity on an index?

Try a risk-free trade in your demo account, and see whether you’re on to something.

  • Log in to your demo
  • Try a risk-free trade
  • See whether your hunch pays off

See opportunity on an index?

Don’t miss your chance – upgrade to a live account to take advantage.

  • Get spreads from one point on the FTSE 100, 1.2 on the Germany 40, and 0.4 on the US 500
  • Trade more 24-hour indices than any other provider
  • Analyse and deal seamlessly on smart, fast charts

See opportunity on an index?

Don’t miss your chance. Log in to take your position.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
liveprices.javascriptrequired
liveprices.javascriptrequired
liveprices.javascriptrequired

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

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.