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.

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

Indices have had a brief recovery but the sellers are in charge once more.

Chris Beauchamp ChrisB_IG
Chief Market Analyst, London

Publication date : 2018-06-27T09:41:06+0100

Video poster image

FTSE 100 begins to fall once more

After holding the line yesterday, the FTSE 100 is slipping lower once again.

It has created a new lower high on the intraday charts, with the low from Monday at 7489 now in sight. Below this, 7340 comes into view. A push above 7590 would suggest a move back towards resistance at 7700, but overall price action so far suggests that the sellers remain in charge.

FTSE 100 price chart

FTSE 100 price chart

FTSE 100 price chart

DAX recovery short-lived

Yesterday’s session saw the DAX finish off the lows, but those efforts have been undone early today.

The steep falls confirm the bearish price action from earlier in the week, and now the next big area of support seems to be 11,704, the lows from March. Any recovery above 12,400 would be taken as a bullish development.

DAX price chart

DAX price chart

DAX price chart

S&P 500 takes a turn lower

The downward move has resumed this morning for the S&P 500, with the price heading back towards the lows of the week at 2698.

Below this, 2676 comes into play, and then on down to rising long-term support around 2650.

S&P 500 price chart

S&P 500 price chart

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.

Find an article

Find articles by writer

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.

This website is owned and operated by IG Bank S.A. Registered address at 42 Rue du Rhone, 1204 Geneva, authorised and regulated by FINMA.

The information on this site is not directed at residents of the United States and Belgium, or any particular country outside Switzerland and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.