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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.

​​NASDAQ 100 and S&P 500 steady, but Nikkei 225 remains under pressure​

While US indices continue to hold up, the losses have continued for the Nikkei 225.

Indices app Source: Adobe images

​​​NASDAQ 100 consolidates below highs

​Consolidation continues here, as the NASDAQ 100 index holds above the previous high.

​For the moment the buyers have been unable to re-establish upward momentum, but the overall bullish view remains in place. A close back below 20,760 might point towards a period of short-term weakness.

NASDAQ 100 chart Source: IG
NASDAQ 100 chart Source: IG

​S&P 500 holds on to gains

​A similar picture prevails here; S&P 500 buyers have been unable to maintain upward momentum in the past few sessions, but sellers have not succeeded in driving the price lower.

​In the short-term, a drop back may find support at the October highs of 5880.

S&P 500 chart Source: IG
S&P 500 chart Source: IG

​Nikkei 225 drifts below 39,000

​The Nikkei 225 rally from late October has run into some selling, marking a retreat from 40,000, though the rally from the August low continues.

​Continued losses would head towards the late October low around 37,340. A recovery back above 39,000 might signal that a new test of 40,000 could be on the cards.

Nikkei 225 chart Source: IG
Nikkei 225 chart Source: IG

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.

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