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· S&P TECHNICAL ANALYSIS500

Taking a closer look at S&P futures to show afterhours trade shows concerning technical developments. Negative RSI divergence is accompanying a Rising Wedge bearish reversal pattern. The former indicates fading upside momentum. As such, these may precede a turn lower with near-term support at 500 2900.

The pan-European STOXX 600 index closed provisionally almost 0.4% higher, with most major bourses and sectors in positive territory.

MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.1 percent, while Japan’s Nikkei was little changed.

· Japan’s Nikkei average ended modestly higher on Tuesday, with oil-related stocks leading the gains after Washington moved to end all Iran sanctions waivers, while recent gainers such as Fast Retailing and Yaskawa Electric dropped on profit-taking.

The benchmark Nikkei 225 index eked out a gain of 0.2 percent to close at 22,259.74 points, not too far from its 4-1/2-month high of 22,345.19 brushed last week.

Traders said that investors had chased cyclical stocks higher over the past few weeks as risk sentiment recovered on better-than-expected Chinese economic data.

However, with Japanese companies releasing their annual results later this week and ahead of the 10-day Golden Week holiday, investors are pocketing profits from recent gainers, they said.

· Chinese shares ended a volatile session lower on Monday, extending sharp declines from the previous session, as investors worried that Beijing could slow the pace of policy easing following a stronger-than-expected economic performance.

At the close, the Shanghai Composite index was down 0.51 percent at 3,198.59. The index flirted with gains throughout the day, rising as much as 0.5 percent in early afternoon trade.