13.01.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 broke through the upper boundary of the local descending channel and reached the desired level of 1950. In case of overcoming it, the growth is likely to continue until 1990-2000. In order to continue negative dynamics, the price needs to overcome the support at 1910, which will be the basis for further drop of price until 1886 and 1850. We expect a further decline in prices, but do not rule out further correction in the near future.

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 continued growth after the rebound from the bottom of the descending channel and has overcome the level of 10000. The next upside target level will be 10400 and 10800. In case of opening long positions, the stop should be set below the level of 9800. In the near future rising dynamics is likely to continue, and we expect growth in the medium term.

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

Nearest support levels: 10000, 9600, 9400, 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 after some consolidation, growth resumed and was able to overcome the level of 17500. In the near future quotations may continue its upward movement up to 18000, and 18600. The fall is limited by the levels of support around 17000-17200. We expect growth of price in the near future and maintain the medium-term positive outlook.

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

Nearest support levels: 17500, 17000, 16500, 16000, 15200

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