🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

Equity Index Technicals

Published 29/12/2015, 07:57
US500
-
DE40
-
STOXX50
-

Euro Stoxx 50 HOURLY CHART - "Ideally, we have to go now to 3400 zone in wave c." RSI was not (yet) overbought and price is still below the descending resistance line. Therefore price have to find support immediately, otherwise there is more downside potential.


Eurostoxx Hourly Chart


DAX HOURLY CHART - "As long support at 10.400 will hold, we look at prices above 11000." Price dropped through to MA50 and looked like falling out of the last uptrend channel. Therefore support have to be found immediately, otherwise more downside potential is going to be happen probably.


DAX Hourly Chart


ES (future S&P500)


DAILY CHART - "Ideally, we are in wave 5 up." Move up will be still held back because of the descending resistance line. The playing field will be smaller. Support at 2020, resistance at 2060.


S&P500 Futures: Daily Chart

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.