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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.
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.

​S&P 500 rally runs out of steam

​​S&P 500 rally runs out of steam​ ahead of weekend US-China trade talks with some investors taking money off the table beforehand.​

Chart analysis Source: Adobe images

Written by

Axel Rudolph FSTA

Axel Rudolph FSTA

Senior Technical Analyst

Article publication date:

​​​S&P 500 rally runs out of steam 

​The S&P 500's jump to a five-week high at 5,720, to just below the 200-day simple moving average (SMA) at 5,747, on trade deal hopes is expected to lose upside momentum ahead of this week's US-China trade talks. 

​A fall through Thursday's 5,636 low would push the 55-day SMA at 5,596 and Wednesday's low at 5,579 to the fore.​​ 

S&P 500 chart Source: TradingView