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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