Stock market Indices technical analysis 1/26/2017

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

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S&P500 has broken above 2260 and reached the 2300 target. Above this level look for continuation into 2400 if we get a clear confirmation of uptrend resuming. Strong upside support now is 2260 level and invalidation of the medium-term uptrend only on a break below 2225.



The instrument has broken above 11620 consolidation cap level and has reached 11850 level. To finish the upside perfect extension it needs to hit 12040 level. Strong support now is 11700-11750 zone. Look for long opportunities there if reached in the pullback. Invalidation of the medium-term uptrend only on a break below 11220.


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 first target has been reached and fresh longs should be on a break above 4893.



The instrument is reacting from 188 support and has broken above the 192 falling trend line level. The Strong rise is indicating an uptrend continuation targeting 199. Look for long entries in 192-193 zone in case of the pullback with SL below 188.


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. Strong support now is 5070-5100 zone.


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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