Stock market Indices technical analysis 1/24/2017

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 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.



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. The daily break below 11400 could lead to a retest of uptrend line.



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. A daily break below 4800 could lead to a deeper correction into 4700. The instrument is now bouncing from the first support 4800 level. Look for longs here with SL below 4790 targeting 4893 and higher.


The instrument is reacting from 188 support. Look for longs with SL below 188 targeting 191 and higher.



The instrument is reacting from broken new high 5024 level and as long this level hold look for longs with SL below 5020 targeting 5300. Invalidation and an uptrend only on a break below 4700.


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

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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