12.12.2014 - ​Technical view on stock indexes

The price of the futures on the American stock index S&P500 after a sharp correction to the levels close to 2060 has resumed decline and now is consolidating near the local maximum 2025. Fixing the price below 2040, is a signal to open short positions with the targets 2000, 1950 and 1915. The growth of quotations is limited by the historical maximum of about 2080. We forecast a fall in prices in the near future time and maintain the medium-term negative outlook.

Nearest resistance levels: 2040, 2080, 2100

Nearest support levels: 2020, 2000, 1990, 1950, 1915, 1900, 1886, 1860, 1820

The price of the futures on the German stock index DAX30 fixed below the level of 9870 and has broken through an important level 9800. This situation is a signal to open short positions with the targets of 9400 and 9190. In this case, the stop should be set above 10100. We recommend to open short positions and maintain a medium-term negative outlook.

Nearest resistance levels: 9800, 10000, 10300

Nearest support levels for 9600, 9400, 9190, 9000, 8800, 8600, 8200, 8000

The price of the futures on the Japanese stock index Nikkei225 after breaking through the lower boundary of the rising channel, reached the mark of 17200 and started to correct upwards. At the moment, the quotes fixed below 17200 and the channel. Confirmation a sell signal will be breaking through a local minimum near 17200. We recommend to wait for a confirmation of the signal and may revise our medium-term positive outlook.

Nearest resistance levels: 17500, 18000

Nearest support levels: 17200, 17000, 16700, 16400, 16000, 15800, 15450, 15200, 15000

Nikkei 225 Technical Outlook

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