OSB Daily Technical Analysis for October 23, 2014

S&P 500 declined on Wednesday after four consecutive up days. Resistance above at the 1940-45 area. A close above this area and the 50 DMA extends to 1965. Bullish momentum remains in effect.

Dow 30 The DOW fell below the 200 DMA and briefly dipped below 16400 on Wednesday. Resistance above at 16540 and support below at 16340. The index is at a key juncture and a close back above the 200DMA puts the Dow back into an upward trajectory.

DAX 30 The DAX fell after a strong upswing in the previous session. Index is looking to push higher but remains volatile and is likely to continue to be so while it looks to find further direction. Resistance at 8900.

FTSE100 The FTSE declined on Wednesday after finding resistance at the 6380 mark. The index is likely to consolidate at this higher level. A break back above 6400 extends to 6430-50 region. Support below at 6250.

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