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

Stock markets are lower again this morning, as a brief rebound for European markets fizzles out.

Chris Beauchamp ChrisB_IG
Chief Market Analyst, London

Publication date : 2018-11-14T10:00:10+0000

Video poster image

FTSE 100 slips below 7000

The FTSE 100 has taken another lurch lower, moving below the 7000 level.

A retest of the lows from October, from 6840 to 6920 looks likely, with rallies over the past two days finding selling pressure. A break below 6840 would open the way to 6640.

FTSE 100 chart

FTSE 100 chart

FTSE 100 chart

DAX bounce provides sellers with an entry

Yesterday, a rebound for the DAX from below 11,300 to 11,500 merely provided an opportunity for sellers.

Below 11,266 the price will head back to the October lows at 11,050, coming close to the rising trendline support level from the late 2011 lows. A break below 11,050 brings 10,823 into view. A firm move above 11,500 is needed to suggest a bullish recovery.

DAX chart

DAX chart

DAX chart

S&P 500 sheds further ground

The retracement of the S&P 500 continues to gather pace, as the price returns to the 2700 area that has previously been interesting support.

Below here the 2600 lows come into play. A rebound above 2760 is needed to suggest a near-term recovery.

S&P 500 chart

S&P 500 chart

S&P 500 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.