10.09.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 after a long consolidation within the corridor 1990-2010 has broken its lower bound. If the price fixates below this level, we recommend to open short positions with a stop above 2010and the target levels of 1950 and 1915. Our medium-term outlook remains negative.

Nearest resistance levels: 1990, 2010, 2050

Nearest support levels: 1975, 1950, 1940, 1915, 1900, 1886, 1873, 1850, 1780

The price of the futures on the German stock index DAX30 continues to decline after it failed to overcome the strong level of 9800. At the moment, the price has reached the lower limit of the upward channel and its breaking and consolidation below 9600 will be a signal to open short positions with the targets of 9400 and 8900. The growth is limited by the level of 9800. Our medium-term outlook remains negative.

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 has broken through the strong level of 15800 and in the near future will continue to rise to 16000. Long positions should be closed in case of price reduction below 15600. Despite the decline in growth potential, we maintain a positive outlook for the medium-term.

Nearest resistance levels: 16000

Nearest support levels: 15800, 15650, 15500, 15350, 15200, 15000, 14800, 14700, 14600

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