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 still moving higher

After two days of gains, indices are showing no sign of stopping, with overnight weakness being swiftly replaced with new gains.

FTSE 100 readies itself for move higher

The FTSE 100 leapt higher for a second day yesterday, continuing the bounce from trendline support and bolstering the idea that it is now trading in a long-term ascending triangle from the December 2018 low.

Further gains target 7700 and the area of resistance around this level. Having edged back from 7440 overnight, the price has begun to rebound, with a move above this level taking out a previous lower high and opening the way to 7515 in the first instance.

DAX pushes on from Tuesday bounce

Tuesday’s surge carried the DAX back to the 50-day simple moving average (SMA) of 13,281, and crucially the price was able to move above the previous lower high from 30-31 January.

Further gains head towards 13,350, with a possible higher low being created early on Wednesday’s session. The bullish view remains in place unless the price moves back below 12,950.

S&P 500 targets move above 3300

The S&P 500 seems to have created yet another higher low on the daily chart, bouncing from the 50-day SMA (3226) and now targeting the previous record high at 3340.

The overnight pullback appears to be resolving into a push higher, creating an intraday higher low that will continue to reinforce the impression of a renewed push higher. It will take a move back below 3250 to reverse this view.

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.