OSB Daily Technical Analysis for September 15, 2014

S&P 500 consolidation on Friday closing essentially unchanged from Thursday’s session. Market is bullish and looks to be consolidating at these levels and possibly preparing for the next up leg above the 2000. Bullish.

Dow 30 Negative day for the Dow with a close just above the 20 DMA. Strong support at the 16900 level. Consolidation mode. Bullish.

NASDAQ 100 Selling pressure in the Nasdaq on Friday with a test of the 20 DMA. The Nasdaq is at key support levels as it digests recent up moves.

FTSE100 The FTSE managed to close above the 6800 level on Friday after a mixed day. FTSE likely to bounce around in this area for now. Neutral

NIKKEI 225 Nikkei was unchanged from Thursdays close on Friday and closed the week on a positive note. The Nikkei continues to flirt with the 1600 level and is likely to test this key resistance point in the next couple of sessions. Bullish.

 

Risk Disclaimer

Forex and CFDs are leverage products, involved a high level of risk and can result in the loss of all your invested capital. Forex and CFDs may not be suitable for all investors. You should not risk more than you are prepared to lose. Before deciding to trade, you should ensure that you understand the risks involved and take into account your level of experience.

All information on this website, including any opinion, charts, prices, news, data, Buy/Sell signals, research and analysis is our point of view and is provided as general market commentary and does not constitute any investment advice.

OneStopBrokers.com will not accept any responsibility or liability for losses incurred by customers, visitors or traders as a result of using the data available on OneStopBrokers.com. Read more

---