01.09.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 continues to decline after breaking through the level of 1950. This fact is the basis for the continuation of the downward movement to the target levels at 1900 and 1850. According to our estimates, the probability of reaching these marks is higher than average. The signal for opening long positions with the targets 2045 and 2070 will be fixing above the level of 2000. We expect a drop in prices in the near future.
Nearest resistance levels: 1950, 2000, 2025, 2045, 2070, 2085, 2100, 2120, 2135, 2150
Nearest support levels: 1915, 1900, 1886
The price of the futures on the German stock index DAX30 showed a sharp decline after consolidation below the important the level of 10400. At the moment the price has reached an important level of 10000 and can continue the downward movement to the target marks around 9600. The signal to buy will be fixation of quotations above 10400. Our medium-term outlook remains positive, but the fall is likely to continue in the short term.
Nearest resistance levels: 10000, 10400, 10800, 11200, 11400, 11800, 12000, 12400
Nearest support levels: 9600, 9400
The price of the futures on the Japanese stock index Nikkei225 has shown a sharp decline, and approached to the level of support at 17650 and then rebounded upward. Under the current correction, quotations may reach marks 18500 and 19200. In case of overcoming the support 17650, we expect the price fall to 17000 and 16500. We expect falling prices in the near future.
Nearest resistance levels: 18100, 18500, 19200, 19400, 20000, 20400, 20650, 21000, 21500
Nearest support levels: 17650, 16500, 16000