FTSE 100, DAX and S&P 500 still on the up

It has been a good month so far for indices, which have continued to add to their gains.

More gains for the FTSE 100

The FTSE 100 continues to climb, with the week having seen the index add around 230 points and push through the peak from last Friday at 6240.

A new higher high confirms the uptrend, and while momentum may continue to carry the price higher but pullbacks in the direction of 6150 will create higher lows in the current uptrend.

DAX’s rally continues

The DAX finds itself back above the 200-day simple moving average (SMA) of 12,126 for the first time since late February, moving above 12,000 yesterday and pushing higher in early trading today.

Above 12,230 the price heads towards 12,980 and then on to the February highs at 13,840. A reversal below 11,500 is needed to begin to reverse the prevailing bullish view.

S&P 500 pushes higher again

Having shrugged off the weakness from Friday the S&P 500 has continued to climb, with the smooth and calm uptrend firmly in place.

Dips should continue to be bought until we see the creation of lower highs and lower lows, which for now has not taken place. Further gains target 3130 and then on to 3230.

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.