Technical Update - EuroStoxx50, DAX, AEX25, BEL20, CAC40 and SMI20

DAX bounced from support last week and is close to testing resistance at around 15,483. It is not the strongest resistance but a close above could lead to further rebound to around 15,700-15,750 area.
Around that level the 55 and 100 Moving Averages are coming providing some resistance and underlying bearish trend.

RSI still showing negative sentiment but there is minor divergence supporting the rebound scenario

AEX 25  has bounced back above 730 and could move to t4est the key strong resistance at around 750. However, the 55 Moving Average coming down just above where AEX is currently trading will give resistance that could cut short the rebound

RSI is still showing negative sentiment and needs to close above 60 to reverse to positive sentiment and support further upside potential for AEX

If AEX is sliding back below 730 downtrend will resume with a likely move to test 715 -710 levels.

NETH25 in very short-term uptrend with potential to 750 resistance but RSI needs to break above 60 threshold.

55 Moving Average and upper falling trendline will provide resistance. If sliding back below 730 expect AEX to drop to 715-710 level

BEL 20/BELG20 cfd bounced from new lows around 3,450 . Could test 3,579 resistance shortly .
However, all Moving Averages are declining with 21, 55 and 100 the most important ones, they will provide resistance. Strong resistance at around 3,632

If BEL20 is closing below 3,490 expect lower levels below last week’s around 3,445

CAC40 is back above 7K after a couple of days trading just a few cents below. However, strong overhead resistance at around 7,203 and the upper falling trendline plus the declining 55 and 100 Moving Averages will most likely limit the upside potential

If CAC40 is closing below 7,060 downtrend is likely to resume towards 6,885 and 6,795

SMI 20/SWISS20 cfd bounced from support at around 10,750. If closing above 11,075 a move to strong resistance at around 11,400 is in the cards.