11.03.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continued to decline and reached a level of support 2045 and is currently consolidating above this mark. In case of continued fall, we expect that the price will drop to 2025 and 1990. In case of correction, quotations may grow to 2070 and 2080. We recommend holding short positions with a stop above 2080. Our medium-term outlook remains positive.

Nearest resistance levels: 2070, 2080, 2100, 2120, 2150, 2200

Nearest support levels: 2025, 2000, 1975, 1950, 1915, 1900, 1886, 1860

SPX 500 futures chart

The price of the futures on the German stock index DAX30 after a minor correction inside the rising channel, rebounded from the level of 11400 and continued growth within which reached the top of the channel and the level of 11700. According to our forecasts the growth of price will continue in the near future and quotes will reach 12000. Our medium-term outlook remains positive and we recommend to keep long position with a stop below 11200.

Nearest resistance levels: 12000, 12600, 13000

Nearest support levels: 11400, 11200, 11000, 10800, 10600, 10300, 10100, 10000

Germany 30 Index

The price of the futures on the Japanese stock index Nikkei225 rebounded from the level of 18500 and is currently trying to gain a foothold beyond the ascending channel. In case of success and breaking through the level 18500, we recommend to open short positions with the potential fall to 18200, 17800 and 17550. Our medium-term outlook remains positive, but we recommend to wait for the signal to open positions.

Nearest resistance levels: 19000, 20000

Nearest support levels: 18550, 18100, 17850, 17550, 17200, 16600, 16400, 16000

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