DAX 40, Nasdaq 100, Hang Seng 50 – Analysis and Charts​​​Dax edges higher​The index has moved higher overnight, though it remains below the 50-day simple moving average (SMA) for the time being.​A close above the 50-day SMA would help to bolster the bullish view, which has managed to remain just about in place, with the price having held above the mid-April lows.​Further short-term gains target last week’s highs at 18,240, and then on to the record highs from late March. A close back below 17,800 could suggest a fresh test of the April lows.DAX40 Daily Chart
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​​Nasdaq 100 muted ahead of Apple earnings​A rally in the immediate aftermath of the Fed meeting was knocked back, but the price has managed to avoid a fresh turn lower overnight. ​This leaves the recovery from the April low just about intact, though it has taken a severe knock. If the price can avoid a close below 17,170 then another push higher may develop, though Apple earnings tonight might make that tricky in the short-term.​If this week has seen a lower high at 17,800, then further losses would head back to 17,000, and from there further towards the 200-day SMA (16,386).Nasdaq 100 Daily Chart​​Hang Seng closing in on six-month high​The index has surged to its highest level since early November, as the recovery in Chinese markets continues apace. ​After wobbling earlier in the week back towards 17,500, the bullish move appears to be back in place. November’s high at 18,403 is the next level to watch.​There has been little sign of any weakness even in the short-term, and a close below 17,500 would be needed to suggest that a pullback may be underway.Hang Seng Daily Chart
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