Technical Analysis for November 26, 2014

SPX has break over 2070 and entered the 2050 – 2080 trading range. Next target for the higher movement will be 2100 but a lower leg to 2040 will send SPX back into the 2030-2050 trading range. No change in long term trend, still bullish.

Dow30 Dow Jones has broken over 17800 level and slowly advances to 17850 level. There are no changes in the target as it is 18000 level. A rebounce to 17600 will target 17450 next to bring back Dow Jones in lower sideways trading range.  A long term trend still holding on here, bullish.

FDAX reached 9800 and no change in the target around 9900 level. Target will be reached in short time due to the volatility and after it breaks 9900, the next target would be 10000 level. A break lower to 9400 level will bring FDAX into 9200-9450 trading range.  The current trend in FDAX is very bullish.

FTSE has tried to break 6700 level for a lower movement and retraced to 6740 level. The next target will be 6800 and a break lower under 6640 will target 6600 next. No sudden impact is expected in FTSE and it will advances slowly for now.

 

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