Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

FTSE 100, DAX and Dow likely to turn lower from Fibonacci resistance

FTSE 100, DAX, and Dow have been on the rise. However, with Fibonacci resistance coming into play, a bearish turn looks likely from here.

FTSE 100 rebounds, yet bearish trend remains

The FTSE 100 has been regaining ground over recent trading days, with the index claiming back some of the ground lost in the first half of last week.

However, the decline below 7064 last week points towards a potential bearish shift coming back into play before long. With that in mind, it is worthwhile watching out for Fibonacci resistance at 7195 and 7237. It makes sense to expect further downside before long, with a break through 7305 required to negate this bearish outlook.

DAX on the rise, yet bears could come back in once more

The DAX has been on the rise since Thursday’s low, with the index rising into the 76.4% Fibonacci resistance level this morning.

With the continued creation of lower highs in play, this looks like a prime candidate for a reversal. As such, a bearish turn looks likely from here, with a rise through 11,862 required to negate this bearish outlook.

Dow rallies into Fibonacci resistance

The Dow Jones has similarly gained ground over recent trading days, with the index also rising into the 76.4% Fibonacci retracement level.

Once again, this could bring about a bearish turn from here, where a rise through 26,426 would be required to bring about a more bullish outlook. For greater bearish confirmation, watch out for a break back below the 80 level on the stochastic oscillator.

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

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.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
liveprices.javascriptrequired
liveprices.javascriptrequired
liveprices.javascriptrequired

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Sunday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.


For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.