11.01.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continued to decline within the descending channel and reached the target level of 1910. At the moment, quotations are corrected upwards and can reach 1950 and the upper boundary of the channel in the near future. Nearest targets during further reduction will be 1886 and 1850. We expect a decline in prices in the next few months, but today we can see a continuation of the correction.

Nearest resistance levels: 1950, 1990, 2000, 2020, 2050, 2065, 2080, 2100, 2120, 2135

Nearest support levels: 1910, 1886, 1850, 1780

The price of the futures on the German stock index DAX30 reached the bottom the descending channel and tries to gain a foothold below the level of 10000. Within the correction quotations can return to the level of 10400. A more likely scenario in the near future will be a continuation of the negative dynamics with the potential fall to 9600. Our medium-term outlook remains positive, but the current dynamics may continue soon.

Nearest resistance levels: 10000, 10400, 10800, 11000, 11200, 11400, 11800, 12000, 12400

Nearest support levels: 9600, 9400, 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 continues to decline and is currently trying to gain a foothold above the important level of 17500. If successful, the decline will continue to 17000 and 16600. After a strong decline we can see the correction of price to the level of 18000 and 18600. Our medium-term outlook remains positive, but soon fall can be prolonged.

Nearest resistance levels: 17500, 18000, 18600, 19000, 19400, 19700, 20000, 20400, 20650

Nearest support levels: 17000, 16500, 16000, 15200

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