What is IG trade of the week and why stand aside now?

IG trade of the week is a tactical idea from IG’s analysts. This week’s call is to stand aside because recent price action shows poor follow-through and skewed risk/reward. A Brent short was stopped despite a wide stop, hinting at choppy conditions. Sitting out protects capital until clearer trends return.

What are the key S&P 500 levels to watch?

Watch resistance near 6980 to 6986, which includes the upper Bollinger Band and the year high. Support sits around the middle band near 6866. ATR is roughly 59 points, so allow room for normal swings. A breakout and retest above 6986, or a firm reversal off 6866, would add conviction.

How should Australian investors manage exposure during market volatility?

Keep risk light and use alerts instead of live orders. For S&P 500 exposure, consider ASX ETFs like IVV or IHVV, choosing hedged units if you want to reduce AUD swings. Stagger entries, predefine stops based on volatility, and avoid trading during major headlines or thin liquidity.

What would improve the S&P 500 outlook for re-entry?

We would look for a clean breakout and hold above 6986 with rising ADX toward 20 or more, plus firm breadth and volume. A successful retest that keeps price above former resistance would help. Alternatively, a controlled dip to 6866 followed by a strong reversal could validate the IG trade of the week turning point.

Global Market Insights

^GSPC Today, January 20: IG urges stand aside as volatility spikes

ByDanny Kontos January 20, 2026January 20, 2026

IG trade of the week recommends standing aside as market volatility lifts across oil, FX, and equities. For the S&P 500 (^GSPC), we see a cautious S&P 500 outlook with neutral momentum and tight risk/reward near highs. Australian investors can protect capital by waiting for clearer signals and defining levels in advance. Below we outline key technicals, risk markers, and a simple trading strategy you can apply to ASX-listed S&P 500 ETFs or CFD indices.