FTSE 100, DAX and S&P 500 all continue to move higher

Indices have moved lower overnight, but for now the ongoing rallies are still intact.

FTSE 100’s uptrend intact despite weakness

The FTSE 100 has dropped back from its one-month high of yesterday, but for now the trend remains intact. A higher low above 5600 would provide a fresh buying opportunity, targeting 5940 and higher.

A move below 5600 would suggest a more bearish view, although we would need to see a lower high to provide a potential entry point.

DAX drops back but uptrend continues

The smooth move higher continues for the DAX, although we have seen some weakness overnight. However, the uptrend only really ends with a move back below 10,200, which might bring 10,000 and then 9400 into view in the short term.

If the overnight drop is another higher low, and thus a possible buying opportunity, we look for a move back to 10,800 and higher, heading towards 11,100.

S&P 500 edges back from key zone

The S&P 500 has rallied back to the area around 2900 that marks a key point for any further gains. This is the area that acted as support briefly in late February, and then saw the market gap through it in early March.

If it can close this gap with a move above 2900 and through the 50-day simple moving averge (SMA) at 2880, then further bullish momentum may develop. In the short term, the 2730-2750 area may provide support, with a drop below this beginning to move the outlook to a more neutral stance.

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.

Please see important Research Disclaimer.

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

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.


Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.

The Momentum Report

Get the week’s momentum report sent directly to your inbox every Monday for FREE. The Week Ahead gives you a full calendar of upcoming key events to monitor in the coming week, as well as commentary and insight from our expert analysts on the major indices to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

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.