FTSE 100, DAX and Dow turn lower after recent gains
FTSE 100, DAX and Dow are declining once again, with recent gains starting to come undone.
FTSE 100 turning lower after recent gains
The FTSE 100 has started to weaken once again, following on from a period of gains yesterday.
The recent trend of lower highs and lows points towards the index weakening further to continue the bearish trend. With that in mind, further downside looks likely, with a bearish bias in place unless we see the price rise through 7189. Looking at the stochastic oscillator, we can see the bearish cross taking place at trendline resistance in a move that looks to continue the trend of lower highs.

DAX turning lower from Fibonacci resistance
The DAX is similarly turning lower, following on from a rally into the 61.8% Fibonacci resistance yesterday.
That rebound comes within a bearish pattern, with the prior break below 11,598 signaling a high likeliness of weakness if we see short-term gains. That seems to have played out, with the reversal in momentum highlighted by the bearish crossover in the stochastic oscillator. A more bullish picture would come into play with a rally through 11,862.

Dow weakening after rally into 61.8% Fibonacci resistance
The Dow Jones has also turned lower from the 61.8% Fibonacci resistance level. Coming off the back of a bearish breakdown on Friday, it is likely that we will see further downside come into play before long.
From a wider perspective, we have higher lows and largely flatlining lows in play, highlighting the importance of a potential breakdown below 25,354 as a precursor to wider weakened. It also signals how a rally through the 26,426 would manage to take us out of this consolidation phase.

IGA, may distribute information/research produced by its respective foreign affiliates 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.
The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. 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, and 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. Please see important Research Disclaimer.
Please also note that 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.

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 40
- The only provider to offer 24-hour pricing
Live prices on most popular markets
- Forex
- Shares
- Indices
See more forex live prices
See more shares live prices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
See more indices live prices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.