Technical Analysis for December 02, 2014

SPX stopped tried to move lower and slowly reducing the bull impact in this pair. A lower movement under 2040 will send SPX back into the 2030-2050 trading range. A higher movement to 2070 will target 2100 level next.

 

Dow Jones keep trading above 17800 and still trading sideways around 17700-17900 level. 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. No change Dow Jones and bull trend still very strong.

 

FDAX find a lot of difficulties to stabilize and breaks 10000 level. Currently market has entered a sideways stage around 9860-10000 level. 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 6650. Next lower target for FTSE will be 6600 but a reversal to 6700 will bring FTSE to a sideways trading around 6650-6730 level.

 

 

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