Stock market Indices technical analysis 1/31/2017

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. No change in view and the instrument is testing support for possible continuation.



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 here for now with SL below 11600.



The instrument broke below 34 SMA and has made a broadening wedge between 4700 and 4900 level. The 4700-4750 zone is the strong support zone and look for reaction here for a direction in the pair. Only below 4700, we could see a retest of 4600-4650 zone.


The instrument is retesting strong support zone 188-190 and look for the bounce here for the continuation upside. Only on a daily close below 187, we could see an extended downside.



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. Look for a reaction from the support zone now.



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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