Dow Jones, CAC 40, and Nikkei 225 - Prices, Charts, and Analysis
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Dow stabilises on a quiet day
The index slumped last week but saw buyers on Friday in the wake of the payrolls report. A quiet session on Monday saw little movement, but crucially buyers have been able to prevent any further short-term downside.A close back above 39,000 could help suggest that a low is in place, and might then result in a push towards 40,000.
39,500 has acted as an area of support since mid-February, so a close below this could mark the start of more short-term weakness.
Dow Jones Daily Chart
CAC 40 looks for further gains
Friday and Monday saw the index recover after dropping back at the end of March. A higher low appears to have been created and remains in place unless the price can manage a close back below 8000 and below the previous highs around 7977.
Additional gains would target the highs from the end of March at 8260.
CAC 40 Daily Chart
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| Change in | Longs | Shorts | OI |
| Daily | 74% | -11% | 6% |
| Weekly | 32% | -5% | 5% |
Nikkei 225 heads higher
After bottoming out last week the index has made further gains, opening above the 50-day simple moving average (SMA).Additional upside would see the price head towards the March highs at 41,160, while above this the price will move into new record high territory.
A higher low has been created, maintaining the bullish view, and it would need a close below 38,760, last week’s lows, to open the way to the early March lows at 38,280.
Nikkei 225 Daily Chart
