Technical Analysis


Fairness Evaluation and Information

S&P 500 | Descending Trendline Eyed

DAX | Psychological 11000 Stage Damaged

FTSE MIB | Déjà vu as Resistance Stays Agency

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S&P 500 | Descending Trendline Eyed

Restricted comply with by way of above 2700, as such, draw back resumes, eyes now on the descending trendline which now presents assist, 2675 stays key. Nevertheless, a break beneath might see promoting exacerbated which in flip might see the 50% Fibonacci retracement at 2630 examined.

S&P 500 Worth Chart: Each day Time Body (Aug 2018 – Feb 2019)

S&P 500

DAX | Psychological 11000 Stage Damaged

Backend of final week noticed a robust bout of promoting with the DAX breaking by way of the psychological 11000 stage. RSI on the day by day timeframe exhibits a adverse divergence, which has now damaged assist, consequently growing the adverse view on the index. Trendline holding for now, nonetheless, agency break locations 10500 beneath menace.

DAX Worth Chart: Each day Time Body (Jun 2018 – Feb 2019)


FTSE MIB | Déjà vu as Resistance Stays Agency

Regardless of the slight restoration within the FTSE MIB all through a lot of the week, topside resistance had held agency but once more with restricted comply with by way of above the psychological 20,000 stage. As beforehand talked about, the day by day RSI continues to point out us a adverse divergence and with the RSI breaking assist, there’s better scope for losses to persist. Assist is located at 19270 (Jan 23rd low), whereby a transparent break dangers a check of the 19000 stage.

FTSE MIB Worth Chart: Each day Time Body (Sep 2018 – Feb 2019)



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— Written by Justin McQueen, Market Analyst

To contact Justin, e-mail him at

Comply with Justin on Twitter @JMcQueenFX

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