OSB Daily Technical Analysis for November 14, 2014

S&P 500 Long legged doji in the S&P 500 on Thursday spelling indecision and a pause for breath after the recent run up in price. Support below at 2025. Consolidation and some sideways action in the next several sessions is likely.

Dow 30 Positive day for the Dow which made an all-time intraday high and managed to close slightly and just below the key resistance area of 17600. Price action suggests the market is heading higher with bullish momentum still on the rise. Bullish.

DAX 30 The DAX broke down during intraday trading slicing through the 20 DMA and testing support at the 9165 area. Support at the 9250 area above on the 50 DMA is currently holding the index within its trading range. Consolidation and sideways action for the DAX. Neutral.

FTSE100 The FTSE 100 rallied on Thursday breaking above the 200 DMA. Resistance above at the 6660 area. A clearing of this area extends price into the 6700 area. Bullish momentum on the rise in the FTSE.

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