15.09.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 gradually decreases within the local downward channel. At the moment, the price has reached its lower boundary and the level of 1980, the price fixing below 1290 is a signal to open short positions with the targets at 1950 and 1915. We recommend holding short positions and save our medium-term positive outlook.

Nearest resistance levels: 2010, 2050

Nearest support levels: 1990, 1975, 1950, 1940, 1915, 1900, 1886, 1873, 1850, 1780

The price of the futures on the German stock index DAX30 after breaking through the lower boundary of the rising channel drops gradually and now is consolidating around the level of 9630. Breaking of this mark and fixation lower than 9600 will be a signal to open short positions with the objectives of 9400 and 8900. Stop should be set above 9870. We maintain a medium-term negative outlook.

Nearest resistance levels: 9800, 9870, 10030, 10500

Nearest support levels: 9630, 9400, 9190, 9000, 8900, 8600, 8000

The price of the futures on the Japanese stock index Nikkei225 broke the lower boundary of the rising channel, but bounced from the strong level of 15800. Further growth is limited by the psychological resistance level of 16000 signals to open short positions will be fixing the price below 15650. Our medium-term view remains positive, although the potential for growth significantly decreased.

Nearest resistance levels: 16000

Nearest support levels: 15800, 15650, 15500, 15350, 15200, 15000, 14800, 14700, 14600

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