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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money. Losses can exceed deposits on some products.
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Technical Technical Technical

Technical Update - S&P500 and Nasdaq 100

Equities 2 minutes to read
KCL
Kim Cramer Larsson

Technical Analyst, Saxo Bank Group

S&P 500 below 100 SMA but still above support at 4,475. Key support is at 4,400. Key resistance at 4,591

Source: Saxo Group

Nasdaq 100 closed Friday below key support 14,342. Minor support at 0.618 Fibo retracement at 13, 868. February lows around 13K likely to be tested.
If Buyers manage to close gap from 6th April resistance at 15,165 likely to be tested

Source: Saxo Group

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, or any of our other products work, and whether you can afford to take the high risk of losing your money. The value of your investments can go down as well as up. Losses can exceed deposits on some margin products. Professional clients can lose more than they deposit. All trading carries risk.

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