Skip to content

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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. 69% 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.

​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

This information has been prepared by IG, a trading name of IG Markets Ltd 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. See full non-independent research disclaimer and quarterly summary.

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

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Monday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.

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.