Technical Update - S&P 500 & Dow Jones breaking key resistances. Nasdaq 100 eyeing all-time highs

US500 cfd has formed a rising wedge like pattern. Similar to the S&P500 cash Index there is RSI divergence but it can be cancelled by a higher US500 close.

A bearish break of the lower rising trend line could be the first warning sign of a correction. A close below 4,375 will confirm it (a correction)

Nasdaq 100 is nearing the 16K mark lead by Microsoft that closed almost 4% higher yesterday in new all-time high.
There is RSI divergence but if Nasdaq records a higher close the divergence is to be cancelled suggesting higher Index levels. Nasdaq is less than 1,000 points from all-time highs at around 16,765.

Nasdaq has been trading in a quite narrow rising channel since Q2 with relatively minor corrections.

To reverse the bullish trend a close below is 14,687 is needed. First indication of that scenario to play out is likely to be a bearish break of the lower rising trendline

USNAS100 cfd getting close to 16K and could test it today Wednesday. Key questions is whether RSI can cancel its divergence i.e., close above 78.26.
A minor correction down to test short-term rising trendline could be seen but the medium-term trend is up. A close below 14,687 is needed to reverse that   

Dow Jones Index closed above resistance at around 34,464 a couple of days ago, now on course to test next strong resistance at around 35,294. A close above that resistance is likely to push the Index to test all-time high at around 36,952.

To reverse the bullish trend a close below 33,610 is needed.

US30 cfd: Resistance at around 35,383