S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
Facts:
DE40 bounced off the lower limit of 1:1 structure
German index is trading in an upward channel
Recommendation:
Trade: Long DE40 at market price
Target: 23400, 23540
Stop: 23076
Opinion: Looking at the DE40 chart, one can see a potential upwardtrend resumption. The recent downward correction stopped at the key support area. The aforementioned support results from the lower limit of the 1:1 structure and the lower limit of the upward price channel. Taking this into account, upward movement seems to be the base scenario. We recommend going long DE30 at market price with two targets: 23400 and 23540. We also recommend placing a stop loss order at 23076. Source: xStation5
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