We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies. You can view our cookie policy and edit your settings here, or by following the link at the bottom of any page on our site.
FTSE 100, Dax and S&P 500 all fall back
Indices were in full bearish mode yesterday, marking a complete turnaround from the strength seen on Wednesday.
FTSE 100’s outlook darkens
Thursday’s FTSE 100 reversal negated the expectation of further upside that had been generated by Wednesday’s bounce, and instead the index finds itself holding at the lows of the past week at 6560. If this holds then another bounce could develop, alternately further declines being the 6480 zone into view from the beginning of the month, and then on down towards 6300.
DAX in full retreat
The sharp drop yesterday puts the DAX price back on course for further declines, with 13,600 and then 13,250 in view now that hopes of a recovery have been dashed for now. Declining daily stochastics and MACD reinforce the bearish view, and suggest that a bottom is not yet in place. Bulls will want to see the price back above the 50-day SMA (13.839) in order to begin reviving the expectation of further upside.
S&P 500 reverses course
The S&P 500 drop on Thursday wiped out Wednesday’s bounce and puts the price back on course to breach the 50-day SMA (38156), reinforced by declining MACD and stochastics on the daily chart. It is still holding above Wednesday’s low at 3807, but once this is broken then a drop towards 3700 and the late January low, or further to the 100-day SMA at 3679 could come into view.
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
- Forex
- Shares
- Indices
See more forex live prices
See more shares live prices
See more indices live prices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
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 spread betting and CFDs.
Stay on top of upcoming market-moving events with our customisable economic calendar.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. 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. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
IG | Sitemap | Terms and agreements | Privacy | IG Community | Cookies | Investors | Modern slavery act
© 2003 - 2021