Technical Analysis: Indices – Nov 20
Technical Analysis for November 20, 2014
SPX has broken off 2050 line but a revered around 2045 level. A break over 2060 next will target 2100 but a lower leg to 2040 will send SPX back into the 2020-2050 trading range.
Dow30 Dow Jones has broker over 17600 level and has been trading around that level. Currently Dow Jones will target 17800 next and a rebounce to 17500 will bring back to sideways around 17300-17600. A break to lower level around 17300 will target 17150 next. A long term trend will keep holding on here, bullish.
FDAX has reached 9500 and rebounce a bit around 9477 level. A rebounce to 9350 will bring back FDAX in 9200-9400 trading range a break lower fewer than 9150 will attempts 9000 level next. A higher break above 9550 will target 9700 next.
FTSE has broken 6680 and will target 6800 next. A reversal is very possible due to the volatility in the market to 6660 will target 6600 next. Long term Uptrend still intact in FTSE, bullish.
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