09.09.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 after breaking through the upper boundary of the local descending channel and the level of 1950, continued growth and got close to the mark 2000. If the price fixates above this mark, we recommend to open long positions with the targets at 2070 and 2100. The fall in the near future is limited by the level of 1950. We expect growth of quotations in the medium term and in the near future.
Nearest resistance levels: 2000, 2025, 2045, 2070, 2085, 2100, 2120, 2135, 2150
Nearest support levels: 1950, 1915, 1900, 1886
The price of the futures on the German stock index DAX30 has broken through the upper boundary the triangle at 10400 and fixing the price above this mark will confirm the signal for opening long positions with a stop below 10000 and the nearest target levels at 11000 and 10600. We expect growth of quotations in the near future and recommend to open long positions.
Nearest resistance levels: 10800, 11200, 11400, 11800, 12000, 12400
Nearest support levels: 10400, 10000, 9600, 9400
The price of the futures on the Japanese stock index Nikkei225 has broken through the upper boundary of the triangle and the level of 18000. Currently quotes are trying to gain a foothold above the mark of 18500, which will be an additional confirmation of the signal for opening long positions with the closest targets at 19200 and 20000, after which growth may continue until 20800. The fall within the correction is limited by the strong support at 17500. Our medium-term outlook remains positive and we recommend to open long positions.
Nearest resistance levels: 19200, 19400, 20000, 20400, 20650, 21000, 21500
Nearest support levels: 18500, 17500, 16500, 16000