FTSE 100, Dax and S&P 500 all in rally mode
Indices have kicked off the week with strong gains, as hopes of further vaccine progress provide positive news flow and equities continue to demonstrate bullish strength.
FTSE 100 stages a breakout
The FTSE 100 has rallied off Friday’s lows, breaking out of a bearish wedge pattern. The next target is 6150, and then on to 6300, the peak of the past few months. Intraday, pullbacks towards 6020 may provide a higher low for further long positions. A reversal below 5950 would be needed to provide a more bearish view.
Dax rallies in early trading
After pushing lower last week, the Dax has staged a reversal, rallying back towards 13,000. This revival of bullish momentum indicates the strength of the ongoing trend and puts the Dax on course to challenge 13,300 and higher in due course if it is maintained.
S&P 500 heads for new record
Futures are already pointing to a fresh record high for the S&P 500, as it clears last week’s peak and pushes higher. The relentless move higher since early June has continued, with no sign of any sustained reversal. 3350 was an area of support last week, so a move below here would break trendline support and also horizontal support.
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.