OSB Daily Technical Analysis for September 29, 2014

S&P 500 close below 50 DMA finding support at 1960 level. Further support below at 1950. Resistance at 1980 level. Consolidation and bias to the upside remains intact for now.

Dow 30 Inside day for the Dow on Friday. Looking for direction with recent sell-off likely to be short lived. Support below at 16870-75 and resistance at 17070.

NASDAQ 100 Nasdaq followed suite with general US market indices. Strong support at 4000 area. Resistance above at 4050. Consolidation of recent up moves.

FTSE100 Bearish day for the FTSE 100 with a dip below 200 DMA. Price biased to the downside with more volatility in store. Bearish.

NIKKEI 225 Bullish upswing in the Nikkei on Friday recovering lost ground from previous day and more. Resistance at the 1640 level. Market biased to the upside with new highs likely.

 

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