Technical Analysis for December 08, 2014

SPX tried to break 2080 level and traded around that level for now. A higher break from this level will target 2100 next but a lower break under 2060 will target 2040 next thus will send SPX back into the 2030-2050 trading range. It will eventually resume the uptrend slowly.

 

Dow Jones stabilized the price around 17900 level now and will keep moving slowly to 18000 level. A lower break to 17600 will target 17450 next to bring back Dow Jones in lower sideways trading range.

 

FDAX moves higher again to 10000 level and trading around that level for now. FDAX has found price stability in this level and next target for higher movement will be 10150. A reversal under 9900 will target 9750 next.

 

FTSE breaks higher crossing 6700 level and traded around 6750 level for now. A higher movement will target 6800 level and a lower movement under 6700 will retest 6675 once again. A reversal risk is very high due to the volatility in the market.

 

 

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