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A technical look at the major stock indices

Discussion in 'Technical Analysis' started by ForexLive, Dec 7, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Dax, S&P, Nasdaq and Dow The German DAX The German Dax index is currently trading right above what is the midpoint of the years range at 1.0850. The high was reached at 12374, the low extended to 9325 in September. The current price is at 10886. Looking at the daily chart below the pair is currently consolidating between the major MAs I use on equity charts - the 50, 100 and 200 day MAs. The 100 and 50 day MA are both converged at the 10586/91 respectively (close enough). The 38.2% of the last move up from the low comes in at 10626. The combination held support on the dip on Friday. Today the price is higher. ON the topside, the 200 day MA at the 11080 creates a technical ceiling.

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