FTSE 100, Dax and S&P 500 look towards further gains
Indices are in solid form as the new year gets underway for traders.
FTSE 100 lifted once more
The FTSE 100 has remained supported by dip buyers in recent weeks, and so far today buyers have come in from 6450, pushing the price back above 6500. Gains above 6600 have proven hard to sustain over the past month, so buyers will be looking for a daily close above this level to provide an indication that a broader move higher is underway. Alternately, a drop below 6400 would put traders on notice for a potential deeper correction, looking towards the rising 50-day SMA (6295) in the first instance.
Dax targets new record highs
After dropping back towards the end of December and finding support towards 13,600, the DAX has found that previous resistance is now support, putting it in good stead for a push towards 13,800 and the record high of a year ago. Higher lows since mid-December have helped maintain the bullish view, even as the price encountered some resistance around 13,700. A loss of 13,600 would signal an increased chance of a reversal that might point towards a retracement towards 13,200 or 13,070.
S&P 500 on a high as year begins
The S&P 500 begins the new year at a record high, and in a strong position. Momentum continues to rule the roost here, with the brief dip in mid-December finding plenty of buyers. So far there is little sign of any reversal in play, and with the daily MACD poised to provide a bullish crossover it looks in fact like more gains will be the theme for the coming sessions.
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.
