09.03.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 after some consolidation near the level of 2100, began to decline sharply. As a result, the price broke through the level of 2080, fixing below which is a signal to open short positions with the potential fall to 2025 and 1990. Our medium-term outlook remains positive, but we expect a downward correction and recommend holding short positions with a stop above 2120.

Nearest resistance levels: 2080, 2100, 2120, 2150, 2200

Nearest support levels: 2070, 2025, 2000, 1975, 1950, 1915, 1900, 1886, 1860

January 15, 2015 USSPX Graph

The price of the futures on the German stock index DAX30 continues to move within the uptrend. At the moment, the quotes are correcting downwards after it failed to overcome the level of 11600. We expect saving the current positive trend of prices in the medium term with the target at 12000 and recommend holding long positions with a stop below 11000.

Nearest resistance levels: 11600, 12000

Nearest support levels: 11200, 11000, 10800, 10600, 10300, 10100, 10000, 9600, 9400, 9190

The price of the futures on the Japanese stock index Nikkei225 reached the target level of 19 000, but could not overcome it and at the moment is corrected downwards. According to our estimates, the decline will continue to 18600 and then may fall to 18000. We keep medium-term outlook despite the current decline of quotations and recommend holding long positions with a stop below 18600.

Nearest resistance levels: 19000, 20000

Nearest support levels: 18600, 18500, 18100, 17850, 17550, 17200, 16600, 16400, 16000

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