11.08.2014 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 rebounded from the important support level of 1900 and within the correction increased to 1930. Further growth is limited by the resistance at 1940 and 1950 to continue the downward movement, the price needs to fix below the level of 1900. Medium term forecast remains negative with the target near 1780. Stop should be set above 1950.
Nearest resistance levels: 1940, 1950, 1990, 2000
Nearest support levels: 1915, 1900, 1886, 1873, 1850, 1780
The price of the futures on the German stock index DAX30 after reaching 8900 started to correct down and fixed below the psychologically important level of 9000. At the moment, the upward movement continues and the immediate goal for the stock will be 9190 and 9400. We expect the resumption of the downward price movement. The medium-term outlook remains negative with the target near 8600 and 8000.
Nearest resistance levels: 9190, 9400, 9600, 9800, 9870, 10030, 10500
Nearest support levels: 9000, 8915, 8600, 8000
The price of the futures on the Japanese stock index Nikkei225 reached the target level of 14800, but failed to gain a foothold below it and started to correct upwards. At the moment, the prices reached the inclined line of resistance, and can continue to grow if the price fixates above 15200. Fall is limited by the levels of support at 14800and 14700. To determine the future direction, we need additional signals.
Nearest resistance levels: 15200, 15400, 15500, 15800, 16000
Nearest support levels: 15000, 14800, 14700, 14600, 14400, 14000, 13900