10.09.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 was not able to reach the target level of 2000, and corrected downward, and at the moment is trying to gain a foothold above the upper limit of the downward channel. It is worth recalling that the signal for opening long positions with the targets at 2070 and 2100 will be fixation above 2000. The fall in the near future is limited by a strong support at 1910. According to our forecasts, growth will continue in the medium term.
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 corrected downward to a sloping support line. Currently quotations resumed growth and after fixing above 10400, will continue to grow to 11000 and 11600. Less likely is breaking through the slanted line of support and fixation below 10000, which will be the reason for drop in prices to the levels of 9600 and 9000. Our medium-term outlook remains positive.
Nearest resistance levels: 10400, 10800, 11200, 11400, 11800, 12000, 12400
Nearest support levels: 10000, 9600, 9400
The price of the futures on the Japanese stock index Nikkei225 has corrected after the strong growth yesterday. As a result, the price dropped to 18000 and rebounded from it. The fall of price in the near future is limited by a strong support level at 17500. We expect growth to continue in the near future after breaking through the resistance at 18500. We expect the growth to the nearest target marks 19200 and 20000 in the medium term.
Nearest resistance levels: 18500, 19200, 19400, 20000, 20400, 20650, 21000, 21500
Nearest support levels: 17500, 16500, 16000