05.01.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 after breaking through the strong level of 2080 continued to decline to the level of 2050, and currently is consolidating above this mark. In case of upward correction, quotations may return to the level of 2080, but we expect a further decline and recommend to open short positions after fixation below 2060. Our medium-term outlook also remains negative.

Nearest resistance levels: 2080, 2100, 2150, 2200

Nearest support levels: 2050, 2040, 2025, 2000, 1980, 1950, 1915, 1900, 1886, 1860, 1820

November 26, 2014 USSPX Graph

The price of the futures on the German stock index DAX30 corrected to the level of 9700 and stabilized above this mark. The rise in prices is limited by the resistance 10000-10100. Confirmation of the signal to sell will be fixing the price below 9700. In this case, we expect the fall to the level of 9400, 9190 and 8900. Stop should be set above 10100. We keep negative medium-term outlook unchanged.

Nearest resistance levels: 10000, 10100, 10300

Nearest support levels: 9700, 9600, 9400, 9190, 9000, 8800, 8600, 8200, 8000

Germany 30 in 2014

The price of the futures on the Japanese stock index Nikkei225 continues to move within the corridor 17200-17550. Fixing the price below 17500 was the signal for the opening short positions. We expect a further decline with the objectives of 16700 and 16000, after overcoming the support at 17200. We keep medium-term negative outlook, but do not exclude the growth of quotations in the short term.

Nearest resistance levels: 17500, 18000

Nearest support levels: 17200, 17000, 16700, 16400, 16000, 15800, 15450, 15200

Japan 225 Index

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