11.02.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 after correction within which reached the level of 1880, the fall has resumed and quotes are currently trying to overcome the support at 1820 and then decline with a high probability will continue to the levels of 1800 and 1780. The growth in the near future is possible only within the correction. We forecast a drop in the coming months and see no reason to change the trend.

Nearest resistance levels: 1860, 1910, 1950, 1990, 2000, 2020, 2050, 2065, 2080

Nearest levels of support: 1800, 1780, 1750, 1720

The price of the futures on the German stock index DAX30 after yesterday's rebound from the descending channel's lower border, resumed the fall today, and in the near future can reach the next target level around 8500. In case of correction, quotes will continue to rise to 9300 and 9800. The fall of price is likely to continue in the near future.

Nearest resistance levels 9000, 9300, 9800, 10150, 10400, 10800, 11000, 11200

Nearest levels of support: 8500, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 after the recent correction within the local descending channel has resumed the fall and may soon reach the target marks 15000-15200. In case of correction, quotes, will return to the level of 16000. We expect the beginning of upward correction in the near future and maintain a medium-term positive outlook.

Nearest resistance levels: 16600, 17250, 17500, 18000, 18600, 19000, 19400, 19700

Nearest support levels: 16000, 15200, 15000, 12500

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