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 the 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. The instrument is in a consolidation triangle and RSI remains supportive. Break of the triangle will be above 2260. Below 2250 support is 2200-2225 zone.
DAX
The instrument has reached 11600 and is consolidating around this level. A break above is needed for an upside continuation Support zone is 11300-11500. Bounce from 11400 is happening and longs from here should have SL below 11400 targeting 11900-12000 zone.
CAC
Strong upside break above consolidation zone and here should be looking for long entries around 4720-4800 support zone. Hard target 5250. No change in view we need a break above 4900 for upside continuation.
NIKKEI
The instrument is retracing recent gains. Look for the reaction from this strong level of support 187-188 for continuation higher. Long entries only on a daily close above 188.
NASDAQ
Is supported from 4850-4900 zone and we are looking for 5024 higher before any chance of larger correction or an retracement. The first target is reached and now we need a break above 5024 for upside continuation into 5200. Support zone is 4900-4950. The instrument is above all time high indicated level, and we need a confirmation and continuation of this break.
We expect USD uptrend now to continue after short-term correction is over and we are bullish 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
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