09.10.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 could not fix below the level of 1940 and began to correct upwards. At the moment the price will again approach the strong level of 1980 and consolidates below it. Further growth is limited by the level of 2000, we expect the resumption of the downward movement of prices and recommend holding short positions with the target of 1780.

Nearest resistance levels: 1980, 2000, 2010, 2020, 2050

Nearest support levels: 1950, 1940, 1915, 1900, 1886, 1873

The price of the futures on the German stock index DAX30 after reaching the psychologically important mark of 9000 and the lower boundary of the channel, started the corrective upward movement. In case of further growth, the quotes, will reach the level of resistance at 9190. The growth is also limited by the upper boundary of the channel. It is worth noting the intersection of SMA50 and SMA200, which also indicates a change in long-term positive trend. We expect price growth today, but keep medium-term negative view and recommend holding short positions with targets at 8600 and 8000.

Nearest resistance levels: 9190, 9400, 9600, 9800, 9870, 10030, 10500

Nearest support levels: 9000, 8900, 8600, 8000

The price of the futures on the Japanese stock index Nikkei225 after the rebound from the level of 15450 resumed fall and offset the previous growth. At the moment, quotations are trying to overcome and fix below the strong support at 15450 and then probably will drop to 15200 and 14800. The growth is limited by levels 15800 and 16000. We expect a further fall in prices in the medium term.

Nearest resistance levels: 15650, 15800, 16000, 16100, 16500, 17000

Nearest support levels: 15450, 15350, 15200, 15000, 14800

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