Technical Analysis: Indices – Nov 14
Technical Analysis for November 14, 2014
SPX The uptrend from SPX remains intact and it shows no sign for a major change. The last bear movement in the chart still in trading range 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 for a rebounce. A break under 17300 will send the Dow Jones even lower. Currently Dow Jones still bullish.
FDAX has been trading around 9180-9400 level. Even though FDAX has touched 9180 level, it retraced again to the upside. A lower leg under that will target 9100 next. A break over 9350 level will bring the market to the bull side once more again and send FDAX even higher.
FTSE has broken 6630 level and it will target 6680 next. Resistance will be seen around 6680 level and a break over that will target 6740 next. A lower leg to 6540 will target 6470 next.
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