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​FTSE 100, S&P 500 and NASDAQ 100 technical levels ahead of US NFPs​

​​​Which FTSE 100, S&P 500 and NASDAQ 100 key technical levels to watch out for ahead of US NFPs.​​

FTSE 100 chart Source: Adobe images

​​​FTSE 100 likely to end week in the red

​The FTSE 100 index plunged to a two-week low around its 55-day moving average at 8,238, as traders await all-important US non-farm payrolls (NFPs).

​Failure at Wednesday’s 8,205 low would engage the May-July lows at 8,138 to 8,056.

​Minor resistance sits around Thursday’s high at 8,285, a rise above which would put the late June to mid-July highs at 8,278 to 8,314 back on the cards.

FTSE 100 chart Source: IT-Finance.com
FTSE 100 chart Source: IT-Finance.com

​S&P 500 await US NFPs

​The S&P 500 continues to oscillate around its 55-day moving average (SMA) at 5,510 in little volatility ahead of Friday’s all important US NFPs.

​Potential downside targets are the late July lows at 5,396 to 5,392, ahead of the 5,343 May peak.

​Resistance is seen at the 22 and 28 August lows at 5,545 to 5,562. Were a rise above this area to unfold, the early August peak at 5,564 would be back in the picture, ahead of its July all-time high at 5,669.

S&P 500 chart Source: IT-Finance.com
S&P 500 chart Source: IT-Finance.com

​NASDAQ 100 under pressure ahead of US NFPs

​The NASDAQ 100's drop to a two-week low at 18,759 may accelerate post NFPs and take the index back down towards the 200-day SMA at 18,237.

​Only a bullish reversal, rise and daily chart close above Thursday’s 19,108 high would have at least short-term bullish connotations and could take the NASDAQ 100 towards its 55-day SMA at 19,455 and the July-to-September downtrend line at 19,640.

NASDAQ 100 chart Source: IT-Finance.com
NASDAQ 100 chart Source: IT-Finance.com

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