FTSE 100, DAX and S&P 500 continuing to move higher

Indices were unable to keep pushing higher last week, but also managed to avoid much downside and with an early recovery from a weak open in play, further bullish momentum may develop.

FTSE 100 still held in a range

The FTSE 100 spent most of last week in a range, after the rally from 5950 on Monday stalled at 6300.

Gains above here proved impossible to sustain, but downside was limited to the 6150-6200 zone. A rally through 6300 opens the path to 6500, while below 6150 a return to 5950 could be contemplated.

DAX looks to clear last week’s highs

For the DAX too, Monday’s bounce was not followed up with further gains, as 12,400-12,500 limited the upside.

Early weakness saw the index below 12,100, but this has been reversed with a recovery above the 12,150 level that marked the lower bound for most of last week. Bulls now need to push on through the zone around 12,450 that marked last week’s highs, while bears will want to see a push back below 12,100 that could open the way to 11,600 and last week’s lows.

S&P 500 resumes its move higher

While the S&P 500 was unable to push on through 3160, after rallying sharply from its June low, it did manage to avoid dropping below 3080.

Although it will begin the week below 3060, the rally has seen in move back into the 3070-3160 range that held last week. A break above 3160 clears the way to the June peak at 3240, while below 3060 the price could move further towards 2940.


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.