FTSE 100, DAX and S&P 500 all give back some of Friday’s gains
Indices had a good end to the week on Friday but have struggled to find renewed bullish momentum in early trading.
FTSE 100 reverses course from 6700
The FTSE 100 has returned to the 6700 level, rallying to this point on Friday. Some weakness overnight has seen the price reverse towards the 50-day SMA at 6633. A drop below 6600 would likely hand the initiative back towards the sellers, while bulls need to turn the price around and move back above 6700 to recover the initiative they seemed to have seized on Friday.
DAX mixed near recent highs
Once again, the DAX is exhibiting a nervousness as it nears the 14,100 zone that has blocked all upward progress since the beginning of the year. Friday’s bounce from the 50-day SMA (13,895) seemed to provide evidence of renewed bullishness, but until the price clears 14,200 the outlook remains mixed. A drop back below 13,850 would give the sellers the upper hand once again.
S&P 500 unsteady after Friday’s rally
Some overnight weakness has taken a little bit of the shine off Friday’s bounce back above the 50-day SMA (3831), but if the S&P 500 price can move back above 3850 the bullish view will continue to gain strength. 3900 and then 3950 come into view in such a scenario, while a drop back below 3750 is needed to signal that the sellers have once again taken charge.
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.
