Indices look to recover after Thursday’s losses
Yesterday’s drop for indices showed that the quiet rally in equities is not invincible, but already buyers are attempting to buy the dip.
FTSE 100
The FTSE 100's uptrend has moved into a trading range phase, as this week has shown. Gains have proven impossible to sustain above 7180, but on the flip side, 7000 remains an area where buyers are wiling to step in. This stalemate could continue for a while, with a break of the range needed to provide the next near-term direction.
DAX
The DAX's price has stabilised after yesterday’s swift drop, but the sellers do appear to have the upper hand for now. The last dip below the 50-day simple moving average (SMA) was met by buying that stymied any further downside, providing hope for the buyers that support around 15,300 can be held.
S&P 500
Thursday’s drop was met with some buying that has prevented any further downside for now, but the S&P 500 does remain relatively overextended from the 50-day SMA at 4223. This does not yet look like a dip that has been bought. Further declines head towards 4223, and then on to 4020.
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.