Technical Analysis for November 28, 2014

SPX tried to break 2080 level but stopped at 2077 level. 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. Long term uptrends still very strong, bullish.

 

Dow Jones has been trading around 17700-17900 level for now and stabilize at 17800 level. Next movement will target 18000 slowly. 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 almost break 10000 level. It will keep reaching higher and break 10000 level next. A break lower to 9700 level will disturb the bullishness in FDAX and bring back to lower sideways.

 

FTSE has moved lower under 6740 and targeting 6600 next. The next target for the higher movement will target 6800 and an even lower movement under 6690 will break the sideways.

 

 

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