01.08.2014 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 accelerated the decline and has broken through the important level of 1950, which is a confirmation of the signal to open short positions. Within the correction, the price may rise to 1950, but we recommend holding short positions with the targets of 1850 and 1780. Medium-term outlook remains negative.
Nearest resistance levels: 1950, 1990, 2000
Nearest support levels: 1930, 1915, 1900, 1886, 1873
The price of the futures on the German stock index DAX30 has reached and has broken through the target level of 9400 and continues to decline, the closest target level is 9190, after overcoming of which the price can reach the marks of 9000 and 8915. In case of correction, quotes can grow up to 9400. Medium-term outlook remains negative.
Nearest resistance levels: 9400, 9600, 9800, 9870, 10030, 10500
Nearest support levels: 9190, 8915
The price of the futures on the Japanese stock index Nikkei225 after it failed to overcome the upper limit of the upward channel, started to correct down and reached the strong level of support located at 15500, but failed to break it and bounced up. In the near future, the price will probably continue to move in the channel. In case of fall, a signal to sell will be the price fixing below 15200. We maintain a medium-term positive outlook.
Nearest resistance levels: 15800, 16000
Nearest support levels: 15500, 15400, 15000, 14700, 14600, 14400, 14000, 13900