03.05.2016 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 corrected up to the level of 2080 and the lower boundary of the channel, which quotations have broken through earlier. Fixing outside of the channel and below the level of 2080 was the confirmation of a signal to sell with the first targets at 2040 and 2000. A possible increase within the correction is limited by the levels 2080 and 2100. Our forecast for the coming weeks remains negative.
Nearest resistance levels: 2080, 2100, 2120, 2135
Nearest support levels: 2040, 2020, 2000, 1980, 1950, 1910, 1860, 1820, 1800
The price of the futures on the German stock index DAX30 has broken through the support level at 10150 and fixed below it which was the basis for opening short positions with the targets at 9600 and 9300. In case of resumption of growth quotations may reach a local maximum at 10500. Our medium-term outlook is negative, but the current drop is likely to continue in the near future.
Nearest resistance levels: 10150, 10800, 11000, 11200
Nearest support levels: 9600, 9000, 8750, 7900, 7500
The price of the futures on the Japanese stock index Nikkei225 after the recent decline continues to show a strong level of volatility and is consolidated around the level of 16000. The nearest supports are 15700 and 15400. In the case of resumption of growth, quotations may reach 16500. Our medium-term outlook remains positive, but the probability of falling in the near future, has grown significantly.
Nearest resistance levels: 16500, 17250, 17500, 18000, 18600, 19000, 19400, 19700
Nearest support levels: 15700, 15400, 15000, 12500