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 S&P 500 all showing strong momentum

Indices are still moving higher, with the FTSE 100 and DAX eyeing up recent resistance as the S&P 500 keeps reaching new record highs.

FTSE 100 looks to break 7440 resistance

The push to resistance at 7440 is underway this morning, as the FTSE 100 builds on the gains made over the past week.

It has been a relentless bounce since last week’s low, so any retracement may not necessarily suggest a failure to push higher into December, but might be a buying opportunity. A daily close above 7440 is the key development to provide a much more bullish view.

DAX pushes higher

The DAX’s dip towards 13,200 found buyers, yesterday, as a brief pullback gave the chance for fresh bullish flow.

This morning, early gains are testing yesterday’s highs at 13,300, and a move above this then brings the 19 November highs below 13,400 into play. A daily close above this reinforces the bullish view and opens the way to 13,600. A more bearish view requires a firm drop back below 13,100.

S&P 500 climbs to new record

The S&P 500’s climb over the past week has been relentless, as trade hopes provide the catalyst for fresh buying.

Yesterday’s modest pullback provided a buying opportunity, confirming the current uptrend. A pullback towards 3110 would find support at the rising trendline from the 6 November low.

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

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.