S&P 500 --- In the near term it seems like a breakout with possible upsides to 1400 and previous highs. The recent lows of 1266 was close to the previous breakout point at 1265.
Taiwan – The index has taken a big knock from feb march tops. 7000 remains a critical support and upside to 7500 a resistance.
Bovespa --- An index linked closely with crude has taken a big knock but multiple bottoms seen recently. A trend change will be seen only above 58k.
CAC--- The index is close to crossing the recent move post Euro news. 3300 if taken out could mean a sharp short covering rally.
DAX – the index is up 30% from September lows and 10-12% from recent lows. Euro problems huh ?. In the near term the breakout line is tested and a fresh move towards 7k it seems.
FTSE – Holds the support trendline but 5900-6000 has been a resistance for last two years.
Hang Seng --- The index is consolidating between 18k-21k. A breakout above 20500 will be needed for fresh upmoves. Strong supports at 18500.
Nikkei --- Has been stuck in this band of 8k-10k for 2 years now.
Shanghai –The index has been one of the worst performers and the grind lower continues. 2000-2100 seems a support level to watch next. Will see some oversold bounce from those levels.
Spain --- All the problem countries like spain, greece , italy etc are below or close to 2009 lows.
Swiss Market – This seems to be one of the most interesting chart with a major breakout on cards.
Conclusion --- Global Indices as of now dont look terrible or rather any follow on upmoves can trigger some sharp upmoves. Levels have been mentioned for breakout in above charts.
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