Skip to content

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved.

Levels to watch: FTSE 100, DAX and S&P 500

Indices are recovering this morning, after big downside moves yesterday. 

Video poster image

FTSE 100 stays above previous lows

The FTSE 100 was knocked back sharply yesterday, but it held above the lows from last week.

An oversold reading on the four-hour chart has seen buyers enter, with a return to Monday’s highs at 7258 being the first target, and then on to 7300 and 7343. Below 7100, 7060 and then 6983 come into play.

DAX creates new higher low

Here too the pullback for DAX found buyers and created a higher low, with the 12,450 level coming into view once again, and then on to the 12,551 resistance level.

Below 12,110, 12,051, and then 11,908 come into play.

S&P 500 retracement comes to an end

A shallow retracement from Monday’s high for the S&P 500 appears to have run its course, with a resumption of the move to 2800 looking likely.

Above this, 2877 comes into play. A turn lower would target the rising trend from the February lows at 2720.

IGA, may distribute information/research produced by its respective foreign marketing partners 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.

This information/research prepared by IGA or IG Group is intended for general circulation. 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 or 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. In addition to the disclaimer above, 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.

See important Research Disclaimer.

Find articles by writer