04.09.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 decreases within the local descending channel and in the near future may continue downward movement to a local minimum at 1900. In case of trend reversal and overcoming the resistance level of 2000, we recommend to open long positions with the targets 2070 and 2100. Our medium-term outlook remains positive, but the decline may continue 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 dropped to a sloping support line and can return to the level of 10 000 around which consolidated earlier. Fixing of quotations above the resistance at 10400 will be a signal for opening long positions. We expect growth in the medium term, but in the near future, the quotes can return to local minimums.

Nearest resistance levels: 10400, 10800, 11200, 11400, 11800, 12000, 12400

Nearest support levels: 10000, 9600, 9400

The price of the futures on the Japanese stock index Nikkei225 dropped to the support level at 17650 and in case of breaking and fixing below this mark, will continue negative dynamics to 17000 and 16650. The breaking of inclined resistance line and fixing above the local maximum at 18500 will confirm the signal for opening long positions with the targets of 19200 and 20000. We maintain medium-term positive outlook, but note the risk of falling in the near future.

Nearest resistance levels: 18500, 19200, 19400, 20000, 20400, 20650, 21000, 21500

Nearest support levels: 17650, 16500, 16000

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