Technical Analysis for November 21, 2014

SPX has stayed in 2050 level and break over 2060 next will target 2100 but a lower leg to 2040 will send SPX back into the 2030-2050 trading range. A lower leg under 2030 will target 2025 next.

Dow Jones has broker over 17700 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 9480 level. A break lower under 9150 will attempts 9000 level next. A higher break above 9550 will target 9700 next. A break chance will be very likely due to the volatility in the price.

FTSE has broken over 6660 level and has retraced to 6680 level. Currently FTSE will be trading around 6640- 6700 trading range. A break higher to 6750 level will target 6800 level next and a break lower under 6640 will target 6600 next.

 

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