04.12.2014 - ​Technical view on stock indexes

The price of the futures on the American stock index S&P500 continued growth along the upper boundary of the ascending channel and reached historic highs and is consolidating around it. Further growth is expected to the mark of 2100. In case of reduction and consolidation the quotes below 2040, we recommend to open short positions with the targets at 2000, 1950 and 1915. We expect the start of the correction in the near future, but expect a slight increase in the coming days.

Nearest resistance levels: 2080, 2100

Nearest support levels: 2040, 2020, 2000, 1990, 1950, 1915, 1900, 1886, 1860, 1820

The price of the futures on the German stock index DAX30 broke through the psychologically important level of 10000 and is trying to gain a foothold above this level. Further growth is limited by the sloping resistance line. In case of reducing and fixing of price below 9800, we recommend to open short positions with the targets of 9400 and 9190. Our medium-term outlook remains negative, but the positive momentum may continue in the near future.

Nearest resistance levels: 10050

Nearest support levels: 9870, 9800, 9600, 9400, 9190, 9000, 8800, 8600, 8200, 8000

The price of the futures on the Japanese stock index Nikkei225 gradually increasing along the top of the rising channel. The price correction is possible up to the level of 17500 and the bottom of the channel. At the moment, there is a possibility of corrective decline. We recommend holding long positions with a stop below 17200. Our medium-term outlook remains positive with the immediate goal near 18000.

Nearest resistance levels: 18000

Nearest support levels: 17500, 17000, 16700, 16400, 16000, 15800, 15450, 15200, 15000

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