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 hovers above one-month low while NASDAQ 100, S&P 500 regain lost ground​

​​​FTSE 100 hovers above one-month low while NASDAQ 100, S&P 500 regain lost ground​ ahead of Thursday’s US CPI print.​

FTSE 100 Source: Adobe images

​​​FTSE 100 dips to one-month low

​On Tuesday the FTSE 100 revisited the lower boundary of its September-to-October sideways trading range by dropping to a one-month low at 8,183 before stabilising. If fallen through, the September trough at 8,153 would be next in line.

​Minor resistance above the early October low at 8,224 and Friday’s low at 8,233 can be seen along the 55-day simple moving average (SMA) at 8,265.

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

​NASDAQ 100 recovery nears September peak

​The NASDAQ 100's rise from its early October 19,611 low has so far taken it to 20,135, to not far below its September peak at 20,316, ahead of Thursday’s US consumer price index (CPI) print. Were the 20,316 high to be exceeded, the July all-time high at 20,760 would be back in the picture.

​For the bears to be short-term back in the driving seat, a fall through Monday’s low at 19,714 would need to occur. Only then would the 19,611 early October low be back in the frame.

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

​S&P 500 awaits US CPI data

​The S&P 500 continues to sideways trade below its September record high at 5,773 but above its early October low at 5,674, the break out of which will likely determine the ensuing trend. A rise above 5,773 would engage the 6,000 mark whereas a fall through 5.674 would likely lead to the July and September highs at 5,669-to-5,655 as well as the August-to-October uptrend line at 5,639 to be reached.

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.