08.09.2014 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 is still moving along the psychologically important level of 2000 in the near future we expect the low volatility, but want to note that after a long consolidation is a high probability of a strong price movement. Sell signal will be fixing the price below the level of 1990. We maintain a medium-term negative outlook and recommend to wait for the confirmation of the signal for opening positions.
Nearest resistance levels: 2050
Nearest support levels: 1990, 1975, 1950, 1940, 1915, 1900, 1886, 1873, 1850, 1780
The price of the futures on the German stock index DAX30 continues an upward movement and now approached the strong level of 9800. With further growth, the price will reach 9870. The correction is possible to the bottom of the rising channel and the potential for further growth in 9630 is limited by the level 10000. We maintain a medium-term negative outlook.
Nearest resistance levels: 9800, 9870, 10030, 10500
Nearest support levels: 9630, 9400, 9190, 9000, 8900, 8600, 8000
The price of the futures on the Japanese stock index Nikkei225 clamped within the local triangle. If the price fixates above 15800 the price will continue to rise to 16000. The signal to open short positions will be fixing the price below 15650. Despite the possibility of a trend change and the reduction of growth potential, we expect a rebound from the bottom of the rising channel and maintain a medium-term positive outlook.
Nearest resistance levels: 15800, 16000
Nearest support levels: 15650, 15500, 15350, 15200, 15000, 14800, 14700, 14600, 14400