OSB Daily Technical Analysis for September 19, 2014

 

S&P 500 Clear push above the 2000 level for the December 14 S&P 500 contract. Recent correction is likely over and new up leg appears to be in motion. Higher prints are almost a certainty here. Bullish.

Dow 30 Breakout of the Dow December 14 contract with a clear push above the 17150 level. Upswing is in full motion and any pull backs are likely to be short lived.

NASDAQ 100 A close just below the 4100 level for the Nasdaq 100. Bullish momentum is intact with higher prices almost a certainty.

FTSE 100 managed to close higher on Thursday and ran into resistance at the 6800 level. Positive result in the Scottish referendum is bullish for the FTSE and likely to drive the index higher over the next couple of sessions and back into the 6800-6900 range. Neutral.

NIKKEI 225 Nikkei appears to be on a one way street and is headed higher above the 1600 level on Thursday following all Yen denominated assets with are on a bull run. Resistance at the 1625-30 level.

 

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