OSB Daily Technical Analysis for October 24, 2014

S&P 500 Strong up swing for the S&P 500 which managed to climb above the 50 DMA and test resistance at 1950. Bullish momentum continues to pick up in the S&P 500 and further upside is likely. A close above 1950 extends to 1970-80.

Dow 30 Positive day for the Dow which closed above the 200 DMA for the first time since its recent correction. Recent upswing appears to have legs and is likely to see the Dow test 16700 resistance.

DAX 30 The DAX closed above 9000 on Thursday suggesting that the recent upswing might have further to go. Next key resistance level at 9100.

FTSE100 upswing met resistance at 6400 which pushed the index lower for a positive close at 6380. Bullish momentum is picking up and likely to see the index retesting resistance at 6400. A close above extend to 6440-50.

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