Stock market Indices technical analysis 12/20/2016

Stock market Indices technical analysis S&P500, DAX, CAC, NIKKEI, NASDAQ

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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.


After a break of important 10790 the instrument should see 11250-11500 zone before any retracement. Strong upside trend is continuing and short term target is 11600. SL on longs initiated her should be below 11000. No change in view.


Strong consolidation upside break and should be looking for long entries around previous resistance zone that act as a support 4500-4650. Looking for long entries around the support zone. Hard target 5000.



Nikkei broke the 1750 level and we are waiting the price action set up to enter longs. SL on longs here should be below 1740. No change in view we will be long some YEN pairs based on this break specially USD/JPY. Support now is 1820-1840 zone. Next strong resistance is 2000. No change in view and we are expecting some hesitation around 2000 points. SL on initiated longs here should be below 190. RSI remains supportive.



Waiting for a reaction from 4650-4700 zone. Bouncing from the strong support zone. SL on longs should be below 4840 targeting 5000. No change in view.



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.

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