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

While the US continues on to new highs, the same cannot be said of the FTSE 100 or the DAX.

FTSE 100 continues to drop

The decline goes on for FTSE 100 and, while it has oversold on a four-hour chart, there is still plenty of room to fall further.

The next big support to look for is 7600, while 7705 and then 7732 have become potential resistance.

DAX tries to break higher

It has been a mixed week for DAX, but this morning the buyers are back in charge.

However, the need to clear the highs from Monday at 13,350 suggest a bigger move higher is underway. Above 13,350, 13,427 and 13,533 come into play. Weakness could find support around 13,150.

S&P 500 still on course for more highs

Another higher low on the four-hour chart for S&P 500 suggests we will see a fresh run at the news, with 2808 being the previous record high.

Meanwhile, 2760 is first-line support, and then on to 2740.

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 articles by analysts