Technical Analysis for December 11, 2014

SPX break 2030 line and went for 2000 level next. A move higher to 2050 will bring SPX to 2075 next and a rebounce is very likely due to the volatility in the market. Break off 2000 level will break the bullishness in SPX.

 

Dow Jones tried to break lower to 17500 level and moves lower. Next stop will be 17450 level and a reversal to 17700 will bring Dow Jones to sideways at 17650 – 17750 sideways. Bullish trend almost broken now.

 

FDAX made a lower break under 9750 again and breaking the bull trend. Next target for lower movement will be 9500 and a break higher to 9850 will retest 10000 level once more again.

 

FTSE breaks 6500 and keeps moving lower. Next target will be 6400 and a reversal to 6575 will target 6600 level next. Volatility in the market will make any break to any direction for now.

 

 

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