OSB Daily Technical Analysis for November 6, 2014

S&P 500 The S&P 500 broke higher on Wednesday testing resistance at 2020 closing neat the daily highs. The index is likely to continue its upward trajectory and any pullbacks will most probably act as buying points. Bullish.

Dow 30 The Dow made new all-time highs on Wednesday closing at 17412 on the day. Price action suggests more upside and a mid-term target of 17500. Bullish.

DAX 30 The DAX continues to consolidate within the 9225-9340 range. Resistance above appears strong for the DAX to move higher and a close above likely to extend to 9500. Support below at 9200. Neutral.

FTSE100 The FTSE rallied on Wednesday slamming into resistance in the 6500 area. A close above extends to 6550-80. Support below at 6420-40. Bullish momentum on the rise.

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