Technical Analysis for December 01, 2014

SPX stopped its recent bull move and currently move lower to 2060 level. A lower movement under 2040 will send SPX back into the 2030-2050 trading range. Long term uptrend still strong but quite disturbed from the last movement.

 

Dow Jones keep trading above 17800 and enjoys the sideways around 17700-17900 level for now. This will only target 18000 slowly but 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 keep trying to touch 10000 level and keeps grinding higher. A break lower to 9700 level will disturb the bullishness in FDAX and bring back to lower sideways. A break higher than 10000 level will make a new higher price next.

 

FTSE has moved lower and break under 6690. Currently FTSE has a high risk to change their trend to downtrend and the next target for lower movement will be 6600. A higher movement to 6700 will bring back the stability in price for FTSE.

 

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