Technical Update - DAX, AEX25, BEL20 and SMI still in down trends. CAC40 still holding on

GER40 cfd rejected at 14,480 resistance. Support at 14,765

AEX 25  tried to close above 730 Friday and failed. Opened above this Monday and is currently being sold off. AEX is in adown trend and could test 710 shortly. Minor support at around 716 where it bounced off from last week.
If AEX could manage to close above 730 the Index could bounce short-term to740 possibly to key strong resistance at around 750.

However, for AEX to build an uptrend a close above 755 is needed which would a hard struggle to get up there as the technical picture stand at the moment.

AEX is below the 55 and 100 Moving Averages which are both declining and the almost flat 200 Moving Average are combined a strong resistance to penetrate.

A close below 715 will pave the road to support at around 690 – March lows

NETH25 quite volatile between 715-735 but to the bearish side. NETH25 could test March low at 710 shortly. A close below will pave the way towards 690-685

BEL 20/BELG20 cfd is likely to test June lows around 3,464  if failing to close above 3,575. Medium-term BEL20 is also in a down trend with potential to drop to October 2022 lows around 3,270

A daily close above 3,575 could fuel a short rally to 3,632 but for BEL 20 resume uptrend a close above 3,730 is needed. The area around 3,650 is a strong resistance area

CAC40/FRA40 cfd found support around 7,052 forming a bottom and reversal pattern. But the bounce is likely to be short-lived with CAC being rejected at the 7,200 level just below the 200 Moving Average.

A close below 7,050 could fuel a sell-off down to 6,885-6,800. For CAC to resume to uptrend a close above 7,300 is needed.

SMI 20/SWISS20 cfd rejected at 11K and has resumed downtrend that is likely to test August lows around 10,747. The August low is likely to be taken out and SMI set for a bearish move to 10,570-10,443