02.09.2014 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 began to grow gradually and now is moving above the 2000. Fixing the price above this mark will be the reason for the revision of the medium-term forecast and the continued growth of price. In case of decrease, confirmation of a sell signal will be fixing the price below 1990. We keep the a medium-term negative outlook on the American market.
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 after reaching the lower limit of the local rising channel and support level at 9400, continued to grow and may rise to the levels 9600-9635. In case of decrease, confirmation of signal to open short positions will be fixing the price below 9400. We keep the 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 has broken through the strong resistance level of 15500 and started to rise sharply. The following objectives after overcoming of a local maximum at 15650 will be 15800 and 16000. Fall is limited by the support at 15500. We keep the medium-term positive outlook.
Nearest resistance levels: 15800, 16000
Nearest support levels: 15500, 15350, 15200, 15000, 14800, 14700, 14600, 14400