Technical Analysis : Indices – Nov 13
Technical Analysis for November 13, 2014
SPX
The uptrend from SPX remains intact and it shows no sign for a major change. Currently SPX is trading around 2020-2050 level and the next support could be seen around 2015 level and A break higher than 2050 will bring the price even higher.
Dow30
Long term uptrend in Dow Jones still remain intact and a there are no sign of stopping for the bullish market. A break under 17300 will send the Dow Jones even lower.
FDAX
FDAX has been trading around 9180-9400 level. Currently FDAX has broken the 9220 support line and a bear market will make 9100 level as the next target. A break over 9350 level will bring the market to the bull side once more again and send FDAX even higher.
FTSE
FTSE has been trading around 6580 – 6630 level these days. Given the volatility in the market, a break will be expected in short term. A break under 6560 will target 6520 next and a break over 6630 level will target 6680 next.
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