Global Stock Indexes Feel the Heat Amid Geopolitical Strain

By Daniel M.

April 16, 2024   •   Fact checked by Dumb Little Man

Dow Experiences Significant Drop

Source: DailyFx

The Dow has hit its lowest point since mid-January, marking a near-6% decline from its March highs. A further descent could challenge the 37,129 support, established in December and January, and potentially even the 36,950 peak from late 2021.

Conversely, a rally above 38,000 might suggest stabilization in the short term.

S&P 500 Maintains Position Above 5000

Source: DailyFx

Despite a milder retreat, the S&P 500 continues to stay above 5000. A significant pullback would likely push the index towards the 100-day simple moving average (SMA), and potentially down to the 4806 level from 2021.

Recovery prospects could improve if it climbs above the 50-day SMA.

Nikkei 225 Reaches Month Low

Source: DailyFx

The Nikkei 225 has dropped to a four-week low. Breaking below this point could expose the 37,000 mark, a January high, with the 100-day SMA lying just before.

A surge past Monday’s 39,500 high might indicate a potential recovery.

Daniel M.

Daniel Moore is a seasoned trading analyst with over 20 years of experience navigating the ever-evolving financial landscape. Renowned for his unconventional yet effective approach, Daniel utilizes a blend of technical and fundamental analysis to identify hidden gems and craft winning trade strategies. He is a master at demystifying complex market data and translating it into actionable insights for traders of all experience levels.

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