Global equity funds see net inflows for sixth consecutive week

NDX has risen 4.17% in the last 24 hours, demonstrating strong short-term momentum. However, the RSI has entered overbought territory at 78.8, increasing the risk of a short-term pullback or sideways movement. Although the MACD remains positive and above the signal line, overbought conditions raise questions about the sustainability of the rally. News headlines indicate continued inflows into global equity funds, supporting overall market sentiment. Short-term upside potential may be limited, so a neutral stance is recommended.

The DAX index has fallen 3.2% in the last 24 hours to 24,308. While the RSI at 35.6 approaches oversold territory, MACD values remain negative and below the signal line. Trading below the short-term SMA20 (24,665) and SMA50 (24,514) averages weakens the technical outlook. Despite positive global fund inflows in the headline, the sharp decline in the DAX and weak technical indicators suggest downward pressure may persist in the near term. However, approaching oversold territory could limit the pace of the decline.

The Dow Jones Industrial Average (DJI) closed just below its 20-day simple moving average (SMA) at 49,714, a level that may act as short-term resistance. The RSI stands at 50.6, indicating a neutral zone with no overbought or oversold signals. The MACD line remains below the signal line, suggesting that momentum has yet to strengthen. While the headline notes net inflows into global equity funds for six consecutive weeks, signaling generally positive risk appetite, the index's position at a critical technical resistance level makes it difficult to determine a clear short-term direction. Therefore, the market is likely to trade sideways for some time.