Skip to content

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved.

​FTSE 100 rallies as NASDAQ 100, S&P 500 expected to open higher amid Trump victory​

​​​FTSE 100 rallies as NASDAQ 100, S&P 500 expected to open higher amid Trump US presidential election victory.​​

FTSE 100 Source: Adobe images

​​​FTSE 100 rallies amid bullish US equity markets

​The FTSE 100's recovery from last week’s low at 8,070 has taken it to the October-to-November downtrend line at 8,258 with it and the 55-day simple moving average (SMA) at 8,273 thwarting the upside at present. If overcome, however, the late October high at 8,326 will be next in line.

​Minor support is seen at the 1 November high at 8,203.

​Only a bearish reversal to below Monday’s intraday low at 8,161 would reinstate the previous downtrend breakout of the previous sideway trading range.

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

NASDAQ 100 rallies strongly

​The NASDAQ 100's swift bullish reversal off last week’s three-week low at 19,877 has taken it close to its late October peak at 20,652. If exceeded, the July all-time high at 20,760 would be next in line.

​Minor support can be found around the 20,499 mid-October high and the 20,316 late September peak.

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

​S&P 500 trades in all-time highs

​The S&P 500 has strongly rallied from Monday’s low at 5,696 and is now trading in new record highs above its 5,882 mid-October peak. The psychological 6,000 region is next in line.

​Minor support below Monday’s 5,840 low can be spotted at the late September 5,773 high.

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

IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

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. Please see important Research Disclaimer.

Please also note that the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.

Take a position on indices

Deal on the world’s major stock indices today.

  • Trade the lowest Wall Street spreads on the market
  • 1-point spread on the FTSE 100 and Germany 40
  • The only provider to offer 24-hour pricing

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.

The Momentum Report

Get the week’s momentum report sent directly to your inbox every Tuesday for FREE. The Week Ahead gives you a full calendar of upcoming key events to monitor in the coming week, as well as commentary and insight from our expert analysts on the major indices to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.