16.10.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 rebounded from the lower boundary of the rising channel and continued growth. The breaking of the local maximum 2020 was a strong buy signal with the closest targets at 2040 and 2050 after which quotations according to our estimates will continue to rise to 2070 and 2100. The breaking of the lower boundary of the rising channel can lead to the continuation of the fall to 1950, but this scenario is unlikely. We expect growth in the near future and in the medium term.
Nearest resistance levels 2040, 2070, 2085, 2100, 2120, 2135
Nearest support levels: 2020, 2000, 1950, 1910, 1886, 1850, 1780
The price of the futures on the German stock index DAX30 keeps consolidating around the level of 10000 and is moving inside the rising channel. The growth of quotations in the near future is limited by the level of resistance at 10400, the overcoming of which will be a signal for opening long positions with the targets at 11200 and 18000. Our medium-term outlook remains positive and we look forward to further growth in the next few days.
Nearest resistance levels: 10400, 10800, 11200, 11400, 11800, 12000, 12400
Nearest support levels: 10000, 9600, 9400, 9000, 8500
The price of the futures on the Japanese stock index Nikkei225 after the recent correction has resumed growth and approached the level of resistance at 18500. Break through and fixing the price above this level will be a signal to buy with the objectives at 19200 and 20000. In case of resumption of the fall, quotes can be reduced to 17500. Our medium-term outlook remains positive, but we recommend to wait for the signal to open new positions.
Nearest resistance levels: 18500, 19200, 19400, 20000, 20400, 20650, 21000, 21500
Nearest support levels: 17500, 17000, 16500, 16000, 15200