13.02.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continued its growth after overcoming the important resistance level at 2070 and approached the all-time highs near 2095. If the price fixates above the level of 2100, we expect further growth with the first target at 2150. At the moment, there is a possibility of the beginning of a downward correction with the potential of fall to 2070, 2025 and 1990. We maintain our positive outlook for the medium-term, but in case of fixation below 2060 will recommend to open short-term short positions.

Nearest resistance levels: 2095, 2100, 2150, 2200

Nearest support levels: 2070, 2025, 2000, 1975, 1950, 1915, 1900, 1886, 1860, 1820

The price of the futures on the German stock index DAX30 rebounded from the level of 10600 and continued growth within the uptrend. At the moment, quotes reached the psychologically important level of resistance at 11000 in case of fixing above this mark will continue to grow to 10200. At the moment, there is a possibility of a downward correction with the potential of fall to 10600 and 10300. We maintain our positive outlook for the medium-term but expect confirmation of the signal for continued price growth.

Nearest resistance levels: 11000, 11200, 11500, 12000

Nearest support levels: 10800, 10600, 10300, 10100, 10000, 9600, 9400, 9190, 9000

The price of the futures on the Japanese stock index Nikkei225 fixed above the level of 17800 and continued the growth. At the moment, quotes are trying to overcome the psychologically important level at 18000. In case of fixing the price above this level is expected the continuation of growth to 18600. On the other hand, the correction of prices and a drop below 17550 will be the basis for opening short positions with the potential of fall to 17200 and 16550. We maintain our medium-term positive outlook and recommend holding long positions with a stop below 17550.

Nearest resistance levels: 18000, 18600, 19000

Nearest support levels: 17800, 17550, 17200, 16600, 16400, 16000, 15800, 15450, 15200

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