15.01.2015 - ​Technical view on stock indexes

The price of the futures on the American stock index S&P500 continues to consolidate within the local downstream channel. In case of breaking and fixing the price below the 2000 level, we expect a further fall in prices in the medium term and in the near future. We recommend holding short positions with a stop above historic highs near 2090. The target levels in case of a further fall will be 1950 1915, 1886 and 1820.

Nearest resistance levels: 2040, 2050, 2080, 2100, 2150, 2200

Nearest support levels: 2000, 1980, 1950, 1915, 1900, 1886, 1860, 1820

The price of the futures on the German stock index DAX30 failed to reach the psychologically important 10000 level of and started to correct downward. This situation provides an opportunity for opening short position with a stop above 10100 and target levels at 9400, 9190 and 8900. The confirmation of the signal for sale today will be fixing the price below the local minimum near 9600. Our medium-term outlook remains negative.

Nearest resistance levels: 10000, 10100, 10300

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

The price of the futures on the Japanese stock index Nikkei225 has broken through the important support level at 16700, but failed to gain a foothold below it and went back to 17200. At the moment, more likely is a continuation of the downward movement to 16000. Growth is limited by the resistance level at 17550. We keep the medium-term negative outlook and recommend holding short positions with a stop above 17550.

Nearest resistance levels: 17200, 17500, 18000

Nearest support levels: 16700, 16400, 16000, 15800, 15450, 15200

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.