Stock market Indices technical analysis 3/07/2017

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

Click on the chart image to enlarge it


S&P500 has broken above 2260 and reached the 2300 target. Strong upside support now is 2260 level and invalidation of the medium-term uptrend only on a break below 2225. The instrument has reached 2300 target and now we look at the upside extension into 2430. SL on long trades at 2270.



The instrument has broken above 11620 consolidation cap level and has reached 11850 level. Strong support now is 11500-11650 zone and we have a bounce from the support zone. SL on long trades should be below 11500 targeting 12400 after the 12040 break. Watching for a daily close above 12040. The support zone is 11750-11800.



The instrument broke above broadening wedge between 4700 and 4900 level. Only long trades are preferred now with SL below 4800 targeting 5300. We have the retest of a recently broken wedge and a bounce. Targets are 5000 and 5150. No change in view while the instrument is testing 5000 level. If you are not long, look for fresh long entries on a pullback to 4850 or on a clear daily close above 5000.


The instrument is testing again the 190-192 level for an upside continuation targeting 205. Look for long entries with the SL below 190 level.


The instrument is reacting from broken new high 5024 level and as long this level hold look for long trades with SL below 5100 targeting 5300. The instrument has reached the 5340 target and a daily close above this level is leading the instrument into a 5500-5600 zone. The upside support zone is 5200-5300.



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.

Scroll to Top