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 holding close to recent highs
European markets continue to edge lower, while the S&P 500 remains pinned near recent highs.
FTSE 100 edges lower
The FTSE 100 continues to drift down, with no sign of any short-term reversal to the upside yet in sight. Further declines take the index back towards the 6600 area, which acted as resistance in the second half of December. Below this the rising 50-day SMA, currently at 6451, comes into view. A possible bullish wedge formation is also in play, with a breakout above 6780 triggering a new move to the upside.
Dax declines continues
A possible bull flag is in play here, as the DAX drifts back from last week’s record high. Further declines within the channel will bring 13,601 into play, and then the rising 50-day SMA at 13,353. A breakout above 13,980 would point towards a new bullish development, targeting gains above last week’s high.
S&P 500 stuck in tight range
The S&P 500 has seen little in the way of movement so far this week, remaining close to record highs but with no sign of bullish momentum developing. Yesterday’s small dip to 3777 found buyers, but gains above 3810 have stalled.
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.