Skip to content

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please 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 ensure that you fully understand the risks involved.

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

While indices have started the week with a small dip, some buying pressure is already being seen.

Video poster image

FTSE 100 at key breakout point

The FTSE 100 continues to be constrained by trendline resistance from the high in late August, with gains unable to hold above 7300.

Further losses bring near-term support at 7250 and 7220 into view, while a break above 7340 is needed to suggest that the bulls have wrested control.

DAX dips after recent gains

The DAX has bounced strongly over the past week, but the rally is seeing some weakness this morning.

Any dip that holds above 11,960 would likely be another buying opportunity, targeting the highs of last week at around 12,100, before heading to resistance at 12,160. Above here, 12,400 comes into play. A move below 11,960 suggests a deeper move back towards last week’s lows at 11,866.

S&P 500 starts the week on the back foot

A gap lower overnight brings the S&P 500 back to the lows of Friday’s session, around 2900.

A drop from here brings 2880 and then 2865 into view in the short term. Further gains would head back to 2910 and the highs from last week, before moving on to the all-time high at 2916.

IGA, may distribute information/research produced by its respective foreign marketing partners within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

This information/research prepared by IGA or IG Group is intended for general circulation. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. You should take into account your specific investment objectives, financial situation or particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. 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. In addition to the disclaimer above, the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.

See important Research Disclaimer.

Find articles by writer