15.03.2016 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 after some consolidation below the level of 2020, started to correct downwards and now broke through the inclined support line. This fact is a precondition for the continuation of decrease in prices until 1990 in the nearest future, after which the decline may continue until 1950 and 1910. In case of overcoming the resistance of 2020, the growth will continue until 2050. We expect the reduction of quotations in the near future.
Nearest resistance levels: 2020, 2050, 2065, 2080
Nearest levels of support: 2000, 1990, 1950, 1910, 1860, 1820, 1800, 1780, 1750, 1720
The price of the futures on the German stock index DAX30 after reaching the psychologically important level of 10000 began to correct and may fall to the level of 9800 in the nearest future. The upward movement of price in the near future is limited by the level of 10150, fixing above which will be a signal to buy with targets at 10800 and 11200. Our medium-term outlook remains positive, but we do not exclude the fall in the nearest future.
Nearest resistance levels: 10150, 10400, 10800, 11000, 11200
Nearest levels of support: 9800, 9100, 9000, 8500, 7900, 7500
The price of the futures on the Japanese stock index Nikkei225 started to decline after some consolidation near the resistance level at 17250. As a result, quotations may fall to the lower boundary of the rising channel and its penetration will be the reason for the continuation of decrease in price up to 16300 and 15700. After overcoming the resistance at 17250, the upward momentum according to our estimates will continue to 18000 and 18600. We expect growth in the medium term, but the decline may continue in the coming days.
Nearest resistance levels are: 17250, 17500, 18000, 18600, 19000, 19400, 19700
Nearest support levels are: 16300, 15700, 15000, 12500