01.09.2014 - ​Technical view on stock indexes

The price of the futures on the American stock index S&P500 continues to consolidate near the important level of 2000. To resume the upward movement is needed a strong incentive. It should be noted that continued growth is unlikely. Considering the fact that the price has left the rising channel and waiting for the start of falling in the near future, we recommend to open short positions after fixing the price below 1290. Our medium-term outlook remains negative.

Nearest resistance levels: 2050

Nearest support levels: 1990, 1975, 1950, 1940, 1915, 1900, 1886, 1873, 1850, 1780

The price of the futures on the German stock index DAX30 corrected downwards after reaching the level of 9400 and is consolidating around the lower boundary of the rising channel. In case of further decline, the signal to open short positions will be fixing the price below 9400. The growth is limited by the levels of 9600-9635. We maintain a medium-term negative outlook.

Nearest resistance levels: 9600, 9800, 9870, 10030, 10500

Nearest support levels: 9400, 9190, 9000, 8915, 8600, 8000

The price of the futures on the Japanese stock index Nikkei225 after correction started to grow and now is trying to gain a foothold below 15500. In case of success and renewal of the price fall with breaking through the level of 15350, we recommend opening short positions with the targets of 15000 and 14800. Despite this, we expect continued growth in the near future and maintain the medium-term positive outlook.

Nearest resistance levels: 15500, 15800, 16000

Nearest support levels: 15350, 15200, 15000, 14800, 14700, 14600, 14400

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