Equities Bouncing Off LowsGlobal equities indices are seeing better demand across the European open on Tuesday, following the sales seen yesterday. Traders are digesting the recent round of PMI data releases which came in weaker than expected in China and the US. Growth concerns are back top of the mind this week in light of these data misses. In China, the recent return to lockdown is having a visible impact on the economy, as underscored by the recent Q1 GDP miss.Looking ahead, the main focus this week will be on the FOMC tomorrow. The Fed is widely expected to hike rates by .5%, in line with hawkish commentary and the signals given at the March FOMC meeting. However, given the heavy weakness in Q1 GDP, there is perhaps now some uncertainty over how hawkish the accompanying outlook will be. If the Fed shows any moderation in tone this will likely drive a near-term correction in USD, allowing for equities prices to rebound. Alternatively, if the Fed is seen sticking to its hawkish guidance, this will keep equities weighted near-term.Elsewhere, markets remain sensitive to the ongoing Ukraine-Russia conflict. With violence showing little signs of abating, and with fresh fears over the prospect of a Russian invasion of Moldova, equities remain vulnerable to downside moves on incoming news-flow regarding the situation.Technical ViewsDAXFor now, price is holding within the recent range set by the 13672.23 support and 14170.79 resistance. The index remains within the bearish channel currently. However, with momentum indicators moving higher off lows, there is room for a break higher near term with 14791.27 the next resistance level to note.S&P 500The market continues to head lower following the rejection around the 4575.50 level. Price has recently broken down through the longer-term rising trend line and is now retesting the broken bear channel top. With both MACD and RSI bearish, the focus is on further downside near-term with 4062.25 the next support level to note.FTSEThe market found fresh demand on the latest test of the 7362.6 support with price trading back up to test the 7558.7 resistance. While the area is holding as resistance for now, with momentum studies turning higher off lows and with the market still within the bull channel, focus is on a further push higher near-term with 7691.6 the next level to note.NIKKEIThe rally off the 26932.1 lows has seen the Nikkei trading back up to the 27422.9 level. This price is currently holding as resistance. However, with momentum studies turning higher off lows, there is room for a break higher here with the channel top and 28356.6 level the next resistance to focus on.