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

The relaxation of trade war tensions has allowed the indices to start the week on a positive note.

FTSE 100 breaks new ground

The FTSE 100 gapped higher, and has begun the week at new all-time highs as the parabolic move higher continues.

Pullbacks towards 7723 should find buying pressure, and even a dip towards 7680 and 7630 may still simply see new buyers emerge.

Nasdaq 100 aims to build bullish momentum

The Nasdaq 100 has moved sideways since hitting 7000 a week ago, but has continued to hold the 6850 area of support.

If this continues to hold, then a move back to 7000 and 7033 is possible, and from here on towards the all-time high at 7186. Below 6850, 6770 and 6640 are areas of possible support.

S&P 500 gaps higher

News of possible détente in the trade war between the US and China caused US markets to gap higher, with the S&P 500 recovering some of the ground lost towards the end of last week.

Further gains will target 2740, the peak from mid-May, and from here on toward 2760, 2790, and 2803.

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.

Find articles by analysts

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.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.