Indices show signs of bouncing
After losses earlier in the week indices have stabilised.
FTSE 100
A hard-fought battle around the 200-day simple moving average (SMA) at 7050 looks to have created a higher low for the FTSE 100, and with the price back at the vital 7165 area a break to the upside may be in progress.
This would put 7300 and then 7400 into view as near-term targets. The bullish view would be challenged by a loss today, but only a close below 7000 really signals that the sellers are in charge.
DAX
The price remains below the 200-day SMA at 15,447, with gains petering out as this level is reached. However buyers have managed to hold 15,000, and have seen a steady, if small, recovery over the previous two sessions.
A recovery above 15,500 would help to suggest the low is in while sellers will need to push the price back below 15,000 to provide a bearish outlook.
S&P 500
Ultimately what the other indices above do will be determined by the S&P 500, but there are some signs of stabilisation here as well. The price is back above the 50-day SMA at 4551, and is managing to move higher for a second day in early trading this morning.
The sequence of intraday lower highs and lower lows seems to have paused for now, and we wait to see if this turns into one of higher highs and higher lows.
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.