16.11.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 accelerated the fall and reached the target level of 2000, but was not able to overcome it and rebounded upward. According to our estimates, quotations will close the gap, but after this can resume the fall and return to the local minimum around 2000. In the medium term, growth is likely to continue, but in the near future we may see a further fall in price.

Nearest resistance levels: 2070, 2100, 2120, 2135, 2150, 2200

Nearest support levels: 2020, 2000, 1950, 1910, 1886, 1850, 1780

The price of the futures on the German stock index DAX30 showed a sharp decline at the beginning of the trading week, and probably will return to the previous close, and then can resume decline to the target marks nearly 10400 and 10000. The growth of price in the near future is limited by a strong resistance level at 11000, the overcoming of which will be a signal for opening long positions with the targets at 11600 and 12000.

Nearest resistance levels: 10800, 11000, 11200, 11400, 11800, 12000, 12400

Nearest support levels: 10400, 10000, 9600, 9400, 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 within the correction has reached the bottom of ascending channel and in case of breaking through it will reach the support level at 19200. At the moment, there is a high probability of a rebound of the price upwards, and continued growth within the channel to the next targets at 19800 and 20000. Our mid-term outlook remains positive.

Nearest resistance levels: 20000, 20400, 20650, 21000, 21500

Nearest support levels: 19200, 18500, 18000, 17500, 17000, 16500, 16000, 15200

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