OSB Daily Technical Analysis for October 1, 2014

S&P 500 tried to get above the 50 DMA at 1973 only to reverse and find support at 1960. S&P likely to consolidate in this area prior to next up leg move. Bullish bias intact.

Dow 30 Dow consolidating in the 16930-1700 range for now. More consolidation in store. A close above 17000 extends price back to recent highs. Bullish.

DAX 30 DAX finding support at the 200 DMA at 9435 level. A close below extends to support below at 9335. Resistance above at 9500. Neutral to bearish bias.

FTSE 100 broke below the 6600 level finding support at the 6560 area. Recent price action suggests a possible retest of August lows in the 6500 area. Bearish.

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