Indices look to continue Tuesday’s rebound
After the quick recovery on Tuesday, buyers are looking to press their advantage and make further headway.
FTSE 100
The FTSE 100 has rallied from the Monday lows, and has made further gains in early trading. Gains now target 7040, and then on to the 50-day simple moving average (SMA) at 7069.
Buyers stepped in to defend 6800, providing a low for now, and while this remains intact a move higher, accompanied by stochastic and moving average convergence divergence (MACD) crossovers, seems likely. A recovery above 6946 solidifies the bullish view.
DAX
Gains are more muted here, with the price yet to rally back above 15,280 and move back into the zone that prevailed in June. Above 15,280 the price heads onwards to 15,800.
Sellers will be looking for a reversal back below 15,100 and then on to sub-15,000 in order to open the way to a deeper retracement.
S&P 500
Traders will be asking if that was it for the S&P 500 in terms of the July selloff, after a Tuesday rebound that saw Monday’s losses recovered. This now puts the 4395 peak in sight.
Any more bearish view requires a reversal back below the 50-day SMA at 4252.
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.