Friday begins with indices posting gains
Fresh records for the DAX and S&P 500 confirm their bullish uptrends, while the FTSE 100 steadies after recent losses.
FTSE 100
All eyes are on the FTSE 100 to see whether it can make further headway and confirm a higher low has formed.
Yesterday saw the price dip below 7250, but then recover, and with early gains in place today a reversal higher could be in play. This would put 7400 back into view as an initial upside target.
The sellers will want to see 7250 lost once again in order to open the way to 7220 and lower.
DAX
It has been another strong week for this index, which has sallied to new highs, helped by a weaker euro.
For now the buyers are firmly in control, and it would need a reversal below 16,100 to provide a short-term bearish view.
S&P 500
After some brief weakness earlier in November the buyers are back in charge here too, carrying the index to a new record in early trading today.
Thanksgiving is now in sight in the US, and this often sees markets rally into the holiday. While the index does look overextended, at least visually, it has not yet been particularly bothered by this, despite the yawning gulf between the price at 4724 and the 50-day simple moving average (SMA) at 4512.
.png)
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.
