Indices' gains stall after strong start to the week
The gains of Monday and Tuesday have turned into a more static market environment, with caution developing as the Jackson Hole meeting nears.
FTSE 100
Gains for the FTSE 100 have stalled over the past three days; the price hovering around 7110 for the time being.
The strong thrust seen in other markets has been weaker here, with further to go until the price can reclaim the August highs above 7200.
So far the downside is contained, suggesting this is consolidation rather than anything else. A move below 7036 would negate that view.
DAX
A gentle move higher here has seen the price make further inroads towards 16,000, although a fresh close above this level has yet to take place.
The bounce from the 50-day simple moving average (SMA) of 15,667 remains intact, and for the time being there is very little strength in the bearish thesis.
S&P 500
This index has headed back to record highs very quickly, as might be expected from its solid performance this year.
A fresh move towards 4500 seems likely, while bearish price action has yet to develop on the daily chart.
As with the Dax, the bounce from the 50-day SMA (4369) is intact.
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.