OSB Daily Technical Analysis for November 19, 2014

 

Positive day with a break above the key 2050 level foe the S&P bringing gains in the last month close to 9%. Strongly bullish market likely to continue making new highs with the occasional correction.

Dow made a new high prior to easing gains and closing slightly positive for the day. Dow is following through with the general US market bullish sentiment. New highs on the horizon.

FTSE broke out above 6700. Bullish momentum on the rise with 6750 next target. Some correction and pullback to be expected but more likely to act as entry points for longer term traders.

Big up day and break out for the DAX which rallied into the 9450 area which is flirting with monthly highs. A break above 9500 opens DAX to longer term target in the 9800 area.

Gap and strong rally in the Nikkei saw price breaking through 17300. Nikkei strongly bullish gaining almost 20% in the past month. New highs imminent with volatility increase as market tops.

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