04.05.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 rebounded upwards from the lower boundary of the rising channel and the support level at 2090. In the near future quotations may reach the level of 2120. Fixing the price above this level will become the basis for the continuation of the upward movement of the price to 2120. On the other hand, fixing the quotations below 2090 will confirm the signal for opening short positions. Our medium-term outlook remains positive, but we do not exclude the strong price correction of prices in the near future.
Nearest resistance levels: 2120, 2150, 2200
Nearest support levels: 2090, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886
The price of the futures on the German stock index DAX30 reached the level of support at 11400 and currently tries to gain a foothold below the important level of 11600. In case of success, we recommend to open short positions with the targets at 10600 and 10300. The growth is limited by the upper boundary of the local the descending channel. We expect a further decline of prices in the near future, but our medium-term outlook remains positive.
Nearest resistance levels are: 11600, 12000, 12400, 12600, 13000
Nearest support levels: 11450, 11200, 11000, 10800, 10600, 10300
The price of the futures on the Japanese stock index Nikkei225 rebounded from the support level at 19400, and in the nearest future may reach 19800. In the near future volatility will be lower due to holidays in Japan. In case of the continuation of the downward movement, the price will fall to 19000. Our medium-term outlook remains positive, and we are waiting for a signal to open new positions.
Nearest resistance levels are: 19800, 20000, 20800, 21000, 21500
Nearest support levels: 19500, 19000, 18500, 18100, 17850, 17550, 17200