16.01.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 after continuation of the fall, reached a local minimum for 1975 and can bounced up to its upper limit. Fixing the price below the level of 1975 will confirm the sell signal with a potential the fall up to the levels of 1950, in 1915 and 1886. We maintain our medium-term negative outlook and recommend holding short positions.

Nearest resistance levels: 2000, 2040, 2050, 2080, 2100, 2150, 2200

Nearest support levels: 1975, 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 falls within a downtrend. To continue the downward movement, the price must be fixed below the level of 16600. The growth is limited by the level of 17200 and 17500. Our medium-term outlook remains negative and we recommend holding short positions with a stop above the target at 17550 and 16000.

Nearest resistance levels: 17200, 17500, 18000

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

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