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

Indices have enjoyed another good week, bolstered by trade talk hopes, and while some weakness in the near term is possible, it looks like further gains are likely in due course.

FTSE 100 stuck below 7420

FTSE 100 has continued to push higher, but the price action over the past three days has seen it falter at 7420.

A retracement may find support at 7360, or further down towards 7300. A break higher targets trendline resistance from the May all-time highs, suggesting resistance around 7460.

Dax eyes up fresh gains

Having reached another new high for the year, DAX now targets 12,102 and then on to 12,300.

A move below 11,900 might signal some near-term weakness is at hand, but support is possible around the previous peak at 11,800.

S&P 500 still on the up after strong rally

A 100-point gain in the space of two weeks has left S&P 500 firmly above resistance at 2870.

Fresh gains target 2940. A near-term pullback below 2860 would open the way to 2780.


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.