Stock market Indices technical analysis S&P500, DAX, CAC, NIKKEI, NASDAQ
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S&P500
No change in view support is 2150-2185 zone and index is bouncing again from that zone and is on a way to test 2300 level. SL on long initiated here should be below 2220. Despite the small pull-back we expect the instrument to hit 2300. Te instrument is in a consolidation triangle and RSI remains supportive. Break of triangle will be above 2260.
DAX
The instrument has reached 11600 and is consolidating around this level. Break above is needed for an upside continuation Support zone is 11300-11500.
CAC
Strong upside break above consolidation zone and here should be looking for long entries around 4720-4800 support zone. Hard target 5000. No change in view.
NIKKEI
The instrument is retracing recent gains. Look for long entries for a final leg of an uptrend. Target is 205.75 and support zone is 192-194.
NASDAQ
Is supported from 4850-4900 zone and we are looking for 5024 higher before any chance of larger correction or retracement. SL on longs should be below 4850.
We expect USD uptrend now to continue after short term correction is over and we are bullish now on stock market indices.
Stocks online market indices may be classed in many ways. A ‘world’ or ‘global’ stock market index includes (typically large) companies without regard for where they are domiciled or traded.
A ‘national’ index represents the performance of the stock market of a given nation—and by proxy, reflects investor sentiment on the state of its economy. The most regularly quoted market indices are national indices composed of the stocks of large companies listed on a nation’s largest stock exchanges
Technical analysis on stock market indices is just an indication of possible price movement and does not indicate any trade action which could be initiated by investors and members of this site.