FTSE 100, DAX and S&P 500 pause after recent gains
After the sharp rallies of mid-week, indices have paused for breath, but the overall uptrend is still in place.
FTSE 100 still edging higher
The steady recovery continues, with the FTSE 100 moving back above the 200-day simple moving average (SMA) yesterday, and intraday weakness continuing to find buyers.
Some weakness has been seen just below 7300, but if this is cleared then 7500 becomes the next target. Steep trendline support would come into play around 7230, and if this is broken 7200 is possible support. Below this would mark a reversal in the nascent bullish view.

DAX building on recent rally
The gains of the past few days have helped the DAX to restore a more bullish view, but there is much work to be done to recover the lost ground of late July.
Further gains above 11,850 head towards 12,030, and then on to 12,230. A move back below 11,650, the 200-day SMA, would begin to suggest that the downward move has been revived.

S&P 500 pauses after gains
The dramatic recovery of the S&P 500 continues. For now the index has stalled at 2940, but unless the price moves back below 2870 the sequence of higher lows from the Tuesday bottom remains in place.
Further gains target 2960, and then on above 3000. One possible bearish view would be the inability to break above previous trendline support from the December low, and also the current reluctance to move above the 50-day SMA at 2940. However, barring a reversal below 2870 the overall bullish recovery remains in place.

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.