FTSE 100, DAX and S&P 500 still in bullish form

It has been a good few days for indices, with the September rally still firmly in place.

FTSE 100 steady above 7300

The FTSE 100 has climbed throughout the week and remains on an upward trajectory.

The push through the 50- and 100-day simple moving averages (SMAs) leaves it with 7556 and 7644 as the next major targets. With equities still in robust form around the globe, it would take a move back below 7200 to suggest that a leg lower is likely.

DAX still advancing

The straight-line move continues for the DAX, with weakness yesterday lasting barely an hour before fresh buyers came in to push the price higher.

Fresh gains head towards 12,600. A possible retracement towards 12,200 may work off some of the dramatic push higher while leaving the broader rally intact.

S&P 500 targets previous record

Gains over the past week have carried the S&P 500 back, within a few points of the all-time high.

Weakness towards 2960 may provide another buying opportunity, but the bullish move remains intact unless the price drops below 2900.

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
liveprices.javascriptrequired
liveprices.javascriptrequired

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

liveprices.javascriptrequired

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.