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

Indices suffered a reverse yesterday, but there are signs of a recovery.

S&P 500 Index FTSE 100 Index DAX Moving average

FTSE 100 drops back from key resistance
The FTSE 100 fell back from its recent highs, faltering around the 7200 zone that marked resistance back in October and November.

Further declines would likely find support around 7000, where the index peaked in mid-January before breaking higher this week. A rebound to 7200 then needs to close above this level to create a higher high.

DAX returns to key support

The DAX has fallen back to support around 11,000, dropping below rising trendline support from the December low.

However, if this area holds, then a rebound towards 11,250 is possible. A close back below the 50-day simple moving average (SMA) of 10,933 would boost the prospect that a deeper retracement is at hand.

S&P 500 tries to recover from losses

The rally suffered a check yesterday as the S&P 500 dropped back towards 2685.

So far, this area has continued to hold, and a rebound would target 2740. Further declines bring the 2620 support zone into play.


This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material 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 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. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research 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.

Take a position on indices

Deal on the world’s major stock indices today.

  • Trade the lowest Wall Street spreads on the market
  • 1-point spread on the FTSE 100 and Germany 30
  • The only provider to offer 24-hour pricing

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
liveprices.javascriptrequired
liveprices.javascriptrequired
liveprices.javascriptrequired

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.