OSB Daily Technical Analysis for September 8, 2014

S&P 500 The September 14 S&P contract hit a new all-time high and recorded its fifth consecutive weekly gain on Friday. The S&P remains bullish with no signs of weakening of this strong up trend. Corrections and consolidation are likely to be short lived as we head higher. Bullish.

Dow 30 A new high for the Dow on Friday as well following a test of support at 17000. The Dow is looking strong and likely to be preparing for the next up-swing with new records very much a possibility.

NASDAQ 100 Positive day for the Nasdaq following some consolidation earlier in the previous sessions. The Nasdaq looks like it might be preparing to go higher in line with the general market.

FTSE100 A down day for the FTSE100 on Friday finding support at the 6830 level. The FTSE is in bullish mode and short term corrections are very much in order.

NIKKEI 225 The September 14 Nikkei contract closed lower on Friday and continues to consolidate following the strong start to the week. Support is at the 1545 level for now. Bullish and looking for higher prints.

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