Indices Europe, US - technical analysis

German Dax30:

On higher time frame we can see the main demand zone is around  10930-10975. if it wil hold today and next week we can still test the highs 11400-500 or higher. otherwise if the demand/ buy zone fails to hold the index can make a new low or test of 10200 area. 

German Dax30:

On higher time frame we can see the main demand zone is around  10930-10975. if it wil hold today and next week we can still test the highs 11400-500 or higher. otherwise if the demand/ buy zone fails to hold the index can make a new low or test of 10200 area.

and we have a down break of the demand zone, the price is accelerating to the downside. Let;s see how US session will play..

SP500 - slow consolidation today, below SMA 200 from 1hr chart. 2715 still key level for bears. US session without direction.

SP500 - slow consolidation today, below SMA 200 from 1hr chart. 2715 still key level for bears. US session without direction.

i will watch the market open on Monday (London time) because the level 2715 is very close but bulls have taken control on Friday US session (i mean the last few hours) . It depends of the open. maybe, it will gap up  or down.. but for me still the 2715 area is crucial level until it breaks. i closed long positions on friday .

Dow Jones Industrial - DJIA 

the index is technically above 200 daily SMA and very similar and important place like on SP500 and NQ. all American indices overall will look at what SP500 will do . And of course the main topic for them is US-China trade talks next week. 

german - DAX30


comparing to US indices the DAX looks pretty weak only the down Bollinger Band is holding from the downside and the channel line. The price is below all moving averages (20,100,200) For me it looks like sell all rallies around 11060 area with target 10835 and 10720 .  MACD has crossed the signal line for sell.

Dow Jones Industrial - DJIA

the index is technically above 200 daily SMA and very similar and important place like on SP500 and NQ. all American indices overall will look at what SP500 will do . And of course the main topic for them is US-China trade talks next week.

If the sell signal on SP500 is valid , as described in SP500 post then the DJIA (US30, Dow Jones Industrial it has very different names depending of broker...) index could have a big move down too . Basically Dow Jones is making much more points/pips than SP500 and in bigger picture it must follow the SP500.