13.11.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 after some consolidation has broken through the support level at 2070, which was a sell signal with the objectives at 2040 and 2020. The growth of price in the correction in the near future is limited by the resistance level at 2070, and the upper boundary of the channel. We recommend keeping short positions, but the forecast growth of price in the medium term.
Nearest resistance levels: 2070, 2100, 2120, 2135, 2150, 2200
Nearest support levels: 2020, 2000, 1950, 1910, 1886, 1850, 1780
The price of the futures on the German stock index DAX30 after a long consolidation within the range of 10800-11000, could not continue to grow, and has broken through the lower boundary of the corridor and in the near future is likely to fall to 10400 and 10000. In case of fixing above 11000 quotations will continue to rise to 11400, and 12000. Our medium-term outlook remains positive, but we want to note the increase in the probability of correction in the near future.
Nearest resistance levels: 10800, 11000, 11200, 11400, 11800, 12000, 12400
Nearest support levels: 10400, 10000, 9600, 9400, 9000, 8500
The price of the futures on the Japanese stock index Nikkei225 corrected down after failed to gain a foothold above the level of 19600 and continue the upward movement of price to the target level at 20000. The drop of prices in the near future, is possible till 19200, and the lower boundary of the channel, consolidation below which will be the basis to open short positions with the targets at 18500 and 17500 . Our medium-term outlook remains positive, but we are waiting for new signals.
Nearest resistance levels: 20000, 20400, 20650, 21000, 21500
Nearest support levels: 19200, 18500, 18000, 17500, 17000, 16500, 16000, 15200