Skip to content

We want to clarify that IG International does not have an official Line account at this time. We have not established any official presence on Line messaging platform. Therefore, any accounts claiming to represent IG International on Line are unauthorized and should be considered as fake.
CFDs are complex instruments. 71% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.
CFDs are complex instruments. 71% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

FTSE 100 looks short-term capped while S&P 500 range trades in low volatility

​​​FTSE 100 looks short-term capped while S&P 500 range trades in low volatility​ despite scheduled US-China trade talks.

FTSE 100 Source: Adobe images

Written by

Axel Rudolph

Axel Rudolph

Market Analyst

Article publication date:

​​​FTSE 100 looks short-term capped 

​The FTSE 100 has come off Tuesday's 8,686 five-week high but remains above Tuesday's 8,548 low and the 55-day simple moving average (SMA) at 8,510. 

A rise above this week's high at 8,686 would engage the 8,693 late January high ahead of the 8,742 late March high.

​​FTSE 100 daily chart

FTSE 100 chart Source: IT-Finance.com

​S&P 500 continues to sideways trade in low volatility 

​The S&P 500 range trades in low volatility below last week's high at 5,700 while remaining above its 55-day SMA at 5,605 and Tuesday's 5,585 low. Below it the April-to-May uptrend line can be spotted at 5,536.

Resistance above the 5,700 level can be spotted along the 200-day SMA at 5,759.

S&P 500 daily chart

S&P 500 chart Source: IT-Finance.com