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FTSE 100, Nasdaq 100 and S&P 500 drop
FTSE 100, Nasdaq 100 and S&P 500 drop amid intensifying US/China trade war.
FTSE 100 dragged down by US trade war escalation
The FTSE 100's swift recovery from its over one-year low at 7,533 took it to 8,265 on Tuesday before US President Trump imposed new restrictions on Nvidia.
The 8,265 high is likely to cap on Wednesday but, if bettered, would leave the way open for the 200-day simple moving average (SMA) at 8,342 to be reached.
Last week's high at 8,178 acts as minor support. Below it lie Friday's high and Tuesday's low at 8,116.
Nasdaq 100 dragged down by Nvidia sell-off
The Nasdaq 100 is on track for its second straight day of losses amid the intensifying trade war between the US and China.
Minor support can be found between the 7 and 8 April highs and Friday's low at 18,221-to-18,137.
Resistance above the February-to-April downtrend line at 19,060 can be spotted at Monday's 19,117 high, above which lies last week's high at 19,249.
S&P 500 drops amid intensifying US/China trade war
The S&P 500's strong recovery from its near 16-month Monday low at 4,809 has taken it to last week's 5,493 high which the index tried to revisit by rising to 5,463 on Monday.
Since then, the S&P 500 has been sliding once more. Potential support come in between the 7 and 8 April highs as well as the 11 April low at 5,269-to-5,219.
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