Stock market Indices technical analysis 3/28/2017

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

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S&P500 has broken above 2260 and has 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 is pulling back to test 2300-2320 zone. The reaction from this zone is important near-term.



The instrument has bounced from an 11800-11850 zone. Long entries are preferred fro now with SL below 11800 targeting 12500. The daily close below 11750 will invalidate the upside scenario.



The instrument broke above broadening wedge between 4700 and 4900 level.  This is now an upside support and as long as this support zone holds look for 5150 target. The daily close below 4900 could lead to a pullback to 4730. No change in view.


The instrument has broken below the wedge 190 level and is testing now 100 SMA. The daily close below this level could lead to a retest of 175. The bounce from here is required for the upside continuation. Bouncing from the 100 SMA and we need to see the continuation. The SL on long entries should be below 188.


The instrument has reached the 5340 target and a clear daily close above this level is leading the instrument into a 5500-5600 zone. The upside support zone is 5200-5300. SL on long entries below 5200 level for now. The daily close below 5250 would invalidate the upside scenario. No change in view.



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 the trend trading DNA.

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