OSB Daily Technical Analysis for November 27, 2014

The S&P 500 edged higher in what was a relatively light trading session. Consolidation likely to continue with any pull backs been met with buyers looking for value.

Tight trading range for the DOW which managed to etch a slight gain for the day as markets prepared for the Thanksgiving holiday today. Bullish momentum remains fully in place.

FTSE attempt to rally in the early session faltered with the index ending the day essentially unchanged. Resistance in the 6770 area appearing strong for now. A retest of this area is likely in coming sessions.

The Dax rallied on Wednesday making a push for the 9950 area which proved too resistive. Bullish momentum is however strong and the index is likely to retest this area as it makes a decisive push towards the 10000 mark.

Tight trading session for the Nikkei which continues to consolidate at higher levels. Index is range bound for now with low volumes and volatility expected in the next couple of sessions as the US takes a pause.

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