16.07.2014 - ​Technical view on stock indexes

The price of the futures on the American stock index S&P500 after strong growth of volatility has stabilized around the level 1975. To continue growth inside the rising channel, the price needs to fix above 1985. We maintain medium-term negative outlook and recommend opening short positions after breaking through the lower boundary of the rising channel and fixing the price below 1950.

Nearest resistance levels: 1975, 2000

Nearest support levels: 1965, 1950, 1930, 1915, 1900, 1886, 1873

The price of the futures on the German stock index DAX30 consolidated in the range 9700-9800. To determine further movement, we need new signals. Signal for position opening will be price fixing above 9800 or below 9635. Medium-term outlook remains negative.

Nearest resistance levels: 9700, 9800, 10030, 10500

Nearest support levels: 9635, 9400, 9190, 8915

The price of the futures on the Japanese stock index Nikkei225 returned inside the rising channel and is consolidating around 15400. For the continued growth the price needs to fix above the important level of 15,500, after which the rise may continue to 15800 and 16000. In case of correction, the price may fall to 15,200. We maintain medium-term positive outlook.

Nearest resistance levels: 15500, 15800

Nearest support levels: 15200, 15000, 14700, 14600, 14400, 14000, 13900

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