INDICES

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Technical Analysis – US 100 index pares losses below SMAs bearish cross

Posted on December 5, 2018 at 2:01 pm GMT

The US 100 index edged aggressively lower in Tuesday’s session as the bears continue to pull the price below the 50- and 200-simple moving averages (SMAs) and the 38.2% Fibonacci retracement level of the upleg from 6160 to 7700, around 7100. Today, the price is paring some losses and momentum indicators point slightly to the upside in the near term. The RSI lies near the neutral threshold of 50 and the MACD oscillator jumped above the trigger line but remains in negative territory. Should [..]

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Technical Analysis – US 500 index rises above SMAs after gap up

Posted on December 3, 2018 at 1:24 pm GMT

The US 500 index opened higher today as it posted a positive gap, surpassing the 50- and 200-simple moving averages in the daily chart. The index is set to complete the sixth green day in a row after the rebound on the long-term ascending trend line. Short-term oscillators support the bullish move. The RSI is standing above the neutral threshold of 50 and pointing higher, detecting accelerating positive momentum. The MACD, is still below zero line but is strengthening its movement to the [..]

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Technical Analysis – US 30 index crosses above 200-day SMA; bullish long-term outlook still at play

Posted on November 29, 2018 at 11:05 am GMT

The US 30 index has been heading sharply higher over the previous three days, finding strong support on the rising trend line. The price successfully surpassed the 200-simple moving average (SMA) in the daily timeframe and the momentum indicators are endorsing the bullish view. The MACD oscillator turned higher above its signal line, while the %K line of the stochastic oscillator stands in the overbought zone. Should the price continue to head north, the 50-day SMA is the next obstacle to look for around 25,557. [..]

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Technical Analysis – GER 30 index moves above 2-year low but medium-term outlook remains bearish

Posted on November 27, 2018 at 2:05 pm GMT

The Germany 30 index gained ground after touching a two-year nadir of 11,006.50 last week and is currently trading roughly 300 points above the aforementioned bottom. Despite the move up, the Tenkan- and Kijun-sen lines remain negatively aligned, which is indicative of a bearish short-term bias. However, the Kijun-sen has halted its decline, pointing to weakening negative momentum. Moreover, the stochastics are giving a bullish signal in the very short term, as the %K line is above the %D one and both [..]

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Technical Analysis – US 30 index hovers around uptrend line; rebound is expected

Posted on November 23, 2018 at 12:53 pm GMT

The US 30 index is moving lower, approaching again the ascending trend line, which has been holding since February 2. Also, the index dropped below the 50- and 200-simple moving averages (SMAs) in the daily timeframe, while the momentum indicators are supportive of the bearish structure. The MACD oscillator has dived below the trigger line with strong momentum and the RSI holds in bearish zone with weak movement. Should the price continue to head south, it would be interesting to [..]

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Technical Analysis – US100 stock index hits 7-month low; turns increasingly bearish

Posted on November 21, 2018 at 3:14 pm GMT

The US 100 stock index plunged to a 7-month low of 6439.25 yesterday as the bears continue to pull the price further below the index’s all-time high of 7701.35 set on October 1. Momentum indicators point to further weakness in the near term, with the stochastics falling towards oversold territory, while the RSI lies deep in the bearish zone. However, the RSI has ticked higher today, suggesting a moderation of the negative momentum. Should the sell-off resume, the 123.6% Fibonacci [..]

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Technical Analysis – GER 30 index extends losses to eye 2-year low

Posted on November 20, 2018 at 11:15 am GMT

The Germany 30 index is declining for the third straight day and is currently trading not far above its lowest since December 2016 of 11,047.80 hit in late October. The Tenkan- and Kijun-sen lines are negatively aligned in support of a bearish bias in the short term. Additional declines may find support around the near two-year nadir of 11,047.80; the area around this also encapsulates the 11,000 mark that may be of psychological significance. Below, the zone around 10,800 that halted advances [..]

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Technical Analysis – Spain 35 index stuck below 23.6% Fibonacci mark; negative in long-term

Posted on November 19, 2018 at 12:12 pm GMT

The Spain 35 index was underperforming in the previous sessions and remains below the 23.6% Fibonacci retracement level of the downleg from 11197 to 8620, near the 9230 resistance barrier. The technical indicators, though, are flattening near their neutral levels. The RSI indicator holds slightly above 50 level and the MACD oscillator stands above its trigger line. A continuation of the bearish structure could see the index challenge the mid-level of the Bollinger Band at 8973. More losses could see the index next touching the almost [..]

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Technical Analysis – GER 30 index looks neutral in the short term; bearish medium-term outlook still at play

Posted on November 15, 2018 at 11:26 am GMT

The Germany 30 index looks to have stabilized after recovering somewhat from its lowest since December 2016 of 11,047.80 hit in late October. The RSI is in bearish territory below 50, though it’s been largely moving sideways in recent days, pointing to a mostly neutral short-term picture for the benchmark. Index gains may meet initial resistance around 11,556.63, the 23.6% Fibonacci retracement level of the downleg from 13,205.80 to 11,047.80. Not far above lies early November’s four-week high of 11,690.80, [..]

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Technical Analysis – UK100 stock index could see further weakness

Posted on November 14, 2018 at 9:35 am GMT

UK100 stock index (FTSE 100) has rebounded somewhat after falling to an 8-month low of 6,850 on October 26 but momentum indicators now suggest that the market sentiment might get worse before getting better as the RSI is reversing back to the downside after failing to break decisively  above its 50-neutral threshold. The MACD also looks to be changing direction, moving down to meet its red signal line in negative zone. Should bearish dynamics dominate, the market might revisit the 6,850 bottom before meeting [..]

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