Technical Analysis for November 27, 2014

SPX has break over 2070 to 2075 and will try to break 2080 level. Once it shakes off this level, it will break off from trading range and keep moving higher. 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 been trading around 17700-17900 level for now and entered a sideways. There are no changes in the target as it is 18000 level. A lower break 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 broken 9900 line again and will target 10000 next. A newer high level will be reached after that and FDAX still very bullish. A break lower to 9700 level will disturb the bullishness in FDAX and bring back to lower sideways.

FTSE has been trading around 6740 level. The next target for the higher movement 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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