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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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.

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 FSTA

Axel Rudolph FSTA

Senior Technical 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