04.11.2015 - ​Technical view on stock indexes

The price of the futures on the American stock index S&P500 continued upward movement after experiencing an important level of 2100 and in the near future is likely to reach the next target marks at 2120 and 2135. In order to overcome historical highs around 2135 the price will need a strong incentive. It is worth noting that after the strong growth in the last month, and given the approaching important resistance levels, we expect to see a correction of the price with the potential of falling to 2070 and 2020. Our medium-term outlook remains positive and we recommend holding long positions.

Nearest resistance levels: 2120, 2135, 2150, 2200

Nearest support levels: 2100, 2070, 2020, 2000, 1950, 1910, 1886, 1850, 1780

The price of the futures on the German stock index DAX30 after the recent increase has grown to 11000, and is consolidating below this mark. In the near future, we expect continued growth of quotations to 11200 and overcoming this level will be the cause to continue the upward dynamics to 12000. Breaking through the lower boundary of the rising channel will be a signal to sell with the objectives at 10400 and 10000. We maintain our medium-term positive outlook.

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

Nearest support levels: 10800, 10400, 10000, 9600, 9400, 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 continues to move below the level of 19200. Fixing above this level will be a signal for the continuation of the upward movement up to 19600, and 2000. Breaking through the inclined line of support and securing below 18600 will be a signal to open short positions. Our medium-term outlook remains positive, but we are waiting for the signal to open new positions.

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

Nearest support levels: 18500, 18000, 17500, 17000, 16500, 16000, 15200

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