Technical Analysis: Indices charts of the week

An updated weekly analysis of the price action across stock indices, including the S&P 500, SMI, FTSE & DAX charts.

S&P 500

s&p 500 candle chart

The S&P 500 is re-testing the broken 50-day moving average as resistance. The index price rebounded from 3200, which was former resistance near the June high and broke above a declining trendline, suggesting a possible end to the correction of the uptrend.

 

Swiss Market Index (SMI)

SMI candle chart

The SMI broke below its 50-day moving average in late July and has since been rangebound between 10k and 10.5k. The break of a rising trendline in place since April is a potentially bearish signal.

 

FTSE 100

ftse 100 candle chart

The FTSE 100 is in a modestly declining sideways range with the 50 DMA more recently acting as resistance while the 5800 level (April peaks / May lows) acting as support.

 

DAX

dax candle chart

The DAX has found an interim top at 13,300. After breaking below the 50 DMA for the 2nd time as well as a rising trendline in place since April, the index price tested support at the July low near 12,200.

 

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