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Levels to watch: FTSE 100, DAX and S&P 500

Indices continue to push higher, although some disappointment prevails after Facebook’s earnings.

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FTSE 100 struggling around 7650

Yesterday saw the FTSE 100 unable to move on above 7700, but it also found buyers around 7650.

The index continues to trade in a tight range from 7650 to 7700, so a break of these levels is needed to determine the next direction.

DAX challenges 12,800 again

The DAX is back at the 12,800 area that has acted as resistance for the past two weeks.

A close above 12,800 brings the 13,000 area and trendline resistance into play. Rising trendline support may come into view around 12,600.

S&P 500 at new five-month highs

While the reaction to Facebook’s earnings took some of the shine off the session yesterday, the S&P 500 has continued to register new multi-month highs.

The 2877 record high from January is now in sight. A close below 2790 would be a bearish development in the short term, while dips towards 2800 will likely find buyers.

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.

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This information has been prepared by IG, a trading name of IG Markets Limited and IG Markets South Africa 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. International accounts are offered by IG Markets Limited in the UK (FCA Number 195355), a juristic representative of IG Markets South Africa Limited (FSP No 41393). South African residents are required to obtain the necessary tax clearance certificates in line with their foreign investment allowance and may not use credit or debit cards to fund their international account.