FTSE 100, DAX and S&P 500 all weaker in early trading

Indices are struggling to hold their ground in early trading, after dropping back at the end of last week.

FTSE 100 at 10-day low

Two days of losses have put the FTSE 100 on the back foot, pushing it back below the 50-day simple moving average (SMA) at 5848 and breaking one line of rising trendline support.

Further downside targets 5600 and then 5500, while below this the 5350 zone of support from early April comes into play. A recovery above 5850 would be regarded as a bullish near-term development, and potentially signal another attempt to move on to 6000.

DAX remains above 50-day SMA

A similar picture prevails here, although the DAX has not yet moved below its 50-day SMA (10,443).

Instead, it has held above this, with the potential for a higher low in due course. Further downside heads towards 10,200, and then 9970. For the time being, the bullish view has not been entirely replaced, with the possibility of a higher low still in play.

S&P 500 still in retreat from recent highs

A modest retracement continues for the S&P 500, although it has yet to turn into a full-blown selling exercise.

First line support may be found around 2750, while below this 2620 comes into view. A recovery above 2850 would begin to restore a more bullish view for the time being.


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 30, 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 30, 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.