DAX leads the way, as FTSE 100 and Dow retrace within bullish trend
The DAX continues to outperform, with the FTSE and Dow retracing in what looks likely to be a short-term pullback phase within a wider uptrend.
FTSE 100 declines raise risk of wider bearish move
The FTSE 100 has continued to pull back, with the index passing through all Fibonacci levels to raise the risk of a bearish breakdown.
A fall down through the 7256 swing-low would bring about a signal that this pullback could form into a wider retracement phase. As such, the outlook will be determined by whether we see price break or rebound from 7256.
DAX continues to push up into record highs
The DAX has been on the rise of late, with the index largely outperforming as we see weakness throughout US and UK stocks.
The push up through the 16105 resistance level this Monday brought a fresh buy signal and we have been pushing upwards since. That bullish outlook holds unless we see a break back below the 15986 swing-low.
Dow expected to reverse higher despite recent pullback
The Dow has been on the back foot over the course of the past 10 days, with price weakening overnight to fall back into 61.8% Fibonacci support yet again.
This period is deemed a retracement of the rally from 35498, with a drop below that level required to bring about a wider bearish picture for the index.
Until that break occurs, we are likely to see the bulls come back into play once again from this 61.8-76.4% Fibonacci zone.
Seize your opportunity
Deal on the world’s stock indices today.
- Trade on rising or falling markets
- Get one-point spreads on the FTSE 100
- Unrivalled 24-hour pricing
See opportunity on an index?
Try a risk-free trade in your demo account, and see whether you’re on to something.
- Log in to your demo
- Try a risk-free trade
- See whether your hunch pays off
See opportunity on an index?
Don’t miss your chance – upgrade to a live account to take advantage.
- Get spreads from one point on the FTSE 100
- Trade more 24-hour indices than any other provider
- Analyse and deal seamlessly on smart, fast charts
See opportunity on an index?
Don’t miss your chance. Log in to take your position.
Related articles
Live prices on most popular markets
- Equities
- Indices
- Forex
- Commodities
Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
