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

Bulls appear to be regaining control, particularly on the FTSE 100. 

Trader on the phone
Source: Bloomberg

FTSE 100 appears to have breathing space

The buyers are stepping up to the plate again, helping to lift the index from its lows. With the pound back below $1.26 versus the US dollar, the FTSE may have the breathing space it needs to move higher.

Bulls will still need to clear the 7200 hurdle, which will open the way back to the all-time highs. Bears have once again to break 7130, and then post a daily close below 7100 to indicate more downside is on the way.

DAX can gain as long as support holds

Yesterday saw the index find support around 11,600, so long as this holds we could see a move back to 11,750, and then on to 11,800 and then 11,900.

We would need to see sustained price action below 11,500 to suggest a downtrend, rather than just a consolidation, is in play.

S&P 500 eyes 2290 and beyond

Having bounced off 2267, the price now needs to clear 2290 to be in with a chance of heading back to the all-time high at 2305. A move lower requires a close below 2267 and then down to 2237.

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. See full non-independent research disclaimer and quarterly summary.

CFD’s zijn complexe instrumenten en brengen vanwege het hefboomeffect een hoog risico mee van snel oplopende verliezen. 79% van de retailbeleggers lijdt verlies op de handel in CFD’s met deze aanbieder.
Het is belangrijk dat u goed begrijpt hoe CFD's werken en dat u nagaat of u zich het hoge risico op verlies kunt permitteren.
CFD’s zijn complexe instrumenten en brengen vanwege het hefboomeffect een hoog risico mee van snel oplopende verliezen.