09.09.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 is consolidating within the corridor 1990-2010. To open new positions we should wait for the price fixing beyond this corridor. More likely is the beginning of the price correction. Confirmation of a sell signal will be fixation lower than 1990. Nearest targets are located on the 1950 and 1915. We maintain a medium-term negative outlook.

Nearest resistance levels: 2010, 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 could not break the strong level of 9800 and now is consolidating below this mark. Further growth inside the rising channel is limited by the resistance at 9870. We anticipate the start of downward movement in the near future and recommend to open short positions after breaking through the bottom of the channel and fixing prices below 9600. 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 continues to consolidate inside the rising channel and is clamped within the local triangle. In this regard, we expect strong price movements in the near future. Long positions should closed and short to be opened after a price fixation below 15600. We maintain a medium-term positive outlook.

Nearest resistance levels: 15800, 16000

Nearest support levels: 15650, 15500, 15350, 15200, 15000, 14800, 14700, 14600, 14400

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.