07.07.2014 - ​Technical view on stock indexes

The price of the futures on the American stock index S&P500 after exiting the channel, has overcome the level of 1980 and now is consolidating above it. Continued of growth is possible to the psychological level of 2000. We expect that the price growth will stop soon and then will start a significant correction of the futures.

Nearest resistance levels: 2000

Nearest support levels: 1975, 1965, 1950, 1930, 1915, 1900, 1886, 1873

The price of the futures on the German stock index DAX30 again failed to overcome the resistance of 10030 and started correcting down. For the continued growth quotation should gain a foothold above 10030. We expect lower prices in the medium term, with the closest target near 9870 and 9800.

Nearest resistance levels: 10030, 10500

Nearest support levels: 9870, 9800, 9700, 9635, 9400, 9190, 8915

The price of the futures on the Japanese stock index Nikkei225 started correction after it was unable to overcome an important resistance level at 15500. The correction may continue to the bottom of the rising channel. The signal for opening long positions will be fixing above 15500. We expect that in the medium term the price will continue to move inside the rising channel.

Nearest resistance levels: 15500, 15800

Nearest support levels: 15200, 15000, 14700, 14600, 14400, 14000, 13900

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