10.03.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 after a minor correction to the level of 2080, resumed its decline. Fixing the price below the level of 2080, is a confirmation of a sell signal with target levels at 2025 and 1990. In this case, we recommend setting the stop above the level of 2120. Our medium-term outlook remains positive, but we recommend to open short positions.

Nearest resistance levels: 2070, 2080, 2100, 2120, 2150, 2200

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

The price of the futures on the German stock index DAX30 reached the target level of 11600, but could not overcome it and at the moment is trying to gain a foothold above 11500. We expect the growth of quotations to continue in the near future inside the rising channel. In case of changing of trend, a signal to sell will be fixing quotations below 11200. Our medium-term outlook remains negative.

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 has broken the lower boundary of the rising channel and at the moment has reached a local minimum at 18550. Fixing the price below this mark will become a confirmation of the signal for opening short position with a stop above 19000 and target at 17550. Our medium-term outlook remains positive, but in the near future the price can show significant fall.

Nearest resistance levels: 19000, 20000

Nearest support levels: 18550, 18100, 17850, 17550, 17200, 16600, 16400, 16000

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