Equity snapshot (indices)

Equities are trading in high swings today across globe. Performance this week at a glance in chart & table -

S&P 500 -

• S&P gained around 2111, however rally seem to be turning sour facing sharp selloff.
  
• Retail sales failed to grow m/m in April and grew only by 0.1% excluding autos.
  
  
• S&P 500 is currently trading at 2097. Immediate support lies at 1980, 2040 and resistance 2125, 2164.

FTSE -

• FTSE initially gained driven by improved employment and diminished rate hike bets over BOW inflation report release. However rally soured as bears took control from 6990 area.
  
• Unemployment rate dropped to 5.5% and average wage grew by 2.2% excluding bonus and 1.9% including it.
  
• FTSE is currently trading at 6930. Immediate support lies at 6850, 6700 and resistance at 7120.              

DAX -

• DAX is back in red after posting decent gains. In short term bear remains in control.

• Larger trend remains upwards, however bears remain in control in shorter term. Bearish engulfing in weekly chart provided the necessary strength to bears. Target coming around 10550, should resistance at 11750 holds.

• DAX is currently trading at 11336. Immediate support lies at 10550 and resistance at 11750, 12080 around.

EuroStxx50 -

• Stocks across Europe are mixed today, with Germany facing heavy selloffs.

• Germany is down (-1%), France's CAC40 is down (-0.12%), Italy's FTSE MIB is up (+0.38%) and Spain's IBEX is down (-0.16%).

• EuroStxx50 is currently trading at 3545, down -0.6% today. Support lies at 3450, 3300 and resistance at 3760

Nikkei -

• Nikkei has gained amid selloff. Price traded around resistance area, weakening bears, however yet to break out completely.

• Nikkei is currently trading at 19660, further downside is likely should resistance 19750-19850 holds. Price target is coming close to 17800.

• Key support is at 18900, 18400 and resistance at 19750 area.