DOW JONES
Dow is in red for the second day and tests 18000 support after multiple upside rejections at 18180 zone, where thinning daily cloud capped upside attempts.
Strong bullish setup of daily Tenkan-sen / Kijun-sen lines and MA’s sees further easing favored, with firm daily close below 18032/00 Fibo (61.8% of 17868/18195 upleg / also Fibo 61.8% of larger 17827 / 18364 rally), needed to confirm bearish resumption towards 17966/45 (21 Oct low / Fibo 76.4%). Final push towards key supports at 17868/27 (13 Oct / 12 Sep spike lows) could be expected on stronger bearish acceleration.
Today’s high at 18073 (reinforced by daily 10SMA / Tenkan-sen line / Fibo 38.2% of 18195/18000 downleg) marks solid resistance which should cap corrective rallies.

Res: 18073; 18122; 18172; 18195
Sup: 18000; 17966; 17945; 17868

FTSE 100

FTSE fell sharply today, extending bearish acceleration from 7039 peak (highs of Mon/Tue) where upside attempts were repeatedly rejected. Multiple attempts to sustain break above psychological 7000 barrier failed, leaving three daily candles with long upper shadows that heavily weighs on near-term structure. As a result, today’s fresh bears that nearly fully retraced 6898/7039 upleg, confirmed lower top at 7039 and are looking for completion of daily Failure Swing pattern, on final break below 6898 handle, which would trigger further retracement of larger 6640/7092 ascend.
Broken neckline of inverse H&S pattern, formed on daily chart, marks next support at 6872 (reinforced by 55SMA), ahead of 6812 pivot (Fibo 61.8% of 6640/7090 rally).
Bear-cross of daily 10/20 SMA’s and daily Tenkan-sen line reinforce today’s high at 6966, which is expected to ideally cap corrective attempts.

Res: 6951; 6966; 7000; 7038
Sup: 6908; 6898; 6872; 6812

DAX
Dax accelerated sharply lower today, following Tuesday’s close in red after upside rejection at 10824 (fresh multi-month high). Wednesday’s trading was so far shaped in long red daily candle that hit strong support at 10628 (double-Fibonacci support – 50% of 10432/10824 rally / Fibo 38.2% of 10336/10824, reinforced by ascending daily Tenkan-sen line), which should ideally contain corrective pullback from 10824 peak, with return above 10700 handle needed to generate bullish signal.
However, Slow Stochastic that reversed from overbought zone shows plenty of room at the downside for extended correction. Break below 10628 handle would open 10581 (Fibo 61.8% of 10432/10824) and sustained break here would sideline bulls for deeper correction
Res: 10672; 10700; 10748; 10777
Sup: 10628; 10580; 10522; 10478
, Market Analysis