Quick index review

Hello,

From now on, attending to abroad readers, all posts will be written in English.

Today, some quick charts from the SP500, DAX and CAC indexes.

SP500

bearish configuration of the index, validated by the break of the support of the RSI canal and confirmed by a perfect pull back on the support now resistance.
However, prices are in touch with the daily Vwap, dynamic support, so it is highly probable to have a rebound today targeting 1339 (1º positive SD f the Vwap but also level of the daily MA20. Note that the daily MA50 has been broken and is no longer support.



German Dax

Yesterday the Dax gapped its Vwap and weekly MA20. The yesterday's candlestick outside the Bollinger bands normally leads to a consolidation and we may see a rebound today based on the configuration of the daily RSI(5). Note that the target of the current bearish move should be the lower weekly Bollinger band (6743), level where we can also find the Parabolic SAR and the 2 negative SD Vwap.



French CAC

The French index closed on the exact level of the 1º negative SD of the VWAp (3909). We should see a rebound next to 3996 (Vwap) and daily MA20. Outlook remains neutral, until 3909 suport is broken on daily close. A intraday test of 3885-95 would validate a Perfect Bullish Bat harmonic trading pattern.



Caution is the keyword for the next days.

Good trades for all.
Pj.