Technical Update - DAX, FTSE100, FTSE250, AEX25, BEL20 & CAC40 with Index CFD’s levels

FTSE250 has resumed down trend. If RSI closes below 40 the selling is likely to accelerate towards support at around 18,396.

To reverse the downtrend a close above 19,300 is needed.

AEX25 Closed last week above key resistance at 770 but has been struggling to gain upside momentum and so far failed breaking above the February peak at 777.50.

Testing the 770 today, a close below could result in a slide back down to test the lower rising trendline and the 100 and 55 daily Moving Averages.
Lower peak last week on the RSI resulting in divergence is suggesting AEX maybe can’t move much higher.

It seems as if AEX needs to break the February peak, thereby canceling the RSI divergence to get that upside momentum.
Strong resistnace at around 802.

BEL20 broke above its falling trend line but couldn’t follow through, failing to close above resistance at 3,669.
Now back below the falling trendline and RSI close to break back below 40 is a sign of weakness. A weakness that is likely to send
BEL20 down to test support at around 3,523.

For BEL20 to reverse this bearish scenario a close above 3,669 is needed.

CAC40 closed Friday the GAP with a close above 7,379.
But the break is not convincing. RSI is still showing negative sentiment, it needs to close above 60 to revers that.

If CAC40 slides back below 100 Moving Average and closes below 7,246 the downtrend has resumed with a likely sell-off down to 7K.
First indication of the bearish trend to resume is likely to be and RSI close below its lower rising trendline

For CAC40 to gain upside momentum a close above the Friday’s peak at 7,404 is needed followed by an RSI close above 60. If that plays out All-time highs is likely to be tested