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
The D40 index has been on an upward trend for some time, but since the second half of August we have seen a more pronounced downward correction. The price has once again reached the 26,065-point level, which previously acted as a significant resistance level and, having been breached, may now act as support. The market’s behaviour at this point will be crucial for the future direction. If the level is ultimately defended, a return to an upward trend and a retest of recent highs cannot be ruled out. Conversely, a sustained break below this level would increase the risk of a deeper correction, with 25,445 points remaining the next key level – the lower boundary of the 1:1 geometric pattern. However, as long as the price remains above this level, the long-term uptrend remains intact.
DE40 – D1 timeframe. Source: xStation5
