10.07.2014 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 after yesterday's growth started to decline and will probably reach the level of 1965, after which the movement may continue to 1950. Signal to open short positions will be fixing the price below 1965. The growth is limited by psychological level 2000. We maintain a medium-term negative outlook.
Nearest resistance levels: 1975, 2000
Nearest support levels: 1965, 1950, 1930, 1915, 1900, 1886, 1873
The price of the futures on the German stock index DAX30 resumed its decline after yesterday's rebound from the level of 9750. Thus we see that the price fixed below 9800, which gives a signal to open short positions with the targets 9635 and 9400. We expect further decline of price and recommend holding short positions up to reaching target levels.
Nearest resistance levels: 9800, 10030, 10500
Nearest support levels: 9700, 9635, 9400, 9190, 8915
The price of the futures on the Japanese stock index Nikkei225 after an attempt of growth resumed a downward movement that indicates the strength of the bears. At the moment the price is consolidating near the strong level of 15200, and in case of breaking through it and consolidation below 15100, will continue to fall to 14800 and 14500. The growth potential weakened and we admit the possibility of revision of the medium-term positive outlook, but expect additional signals.
Nearest resistance levels: 15500, 15800
Nearest support levels: 15200, 15000, 14700, 14600, 14400, 14000, 13900