17.07.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 after it approached the historic highs near 1985, rolled down and may fall to the bottom of the rising channel and the level of 1965. The growth is limited by the psychologically important mark 2000. We maintain a medium-term negative outlook, but admit the possibility of growth up to 2000.

Nearest resistance levels: 1975, 2000

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

May 22, 2014 USSPX Graph

The price of the futures on the German stock index DAX30 reached the next level of resistance at 9870, but could not overcome it and now is consolidating around 9800-9870. Further growth is limited by the psychological level about 10000. We expect the resumption of fall with objectives at 9635 and 9400 and maintain a medium-term negative outlook.

Nearest resistance levels: 9870, 10030, 10500

Nearest support levels: 9800, 9635, 9400, 9190, 8915

The price of the futures on the Japanese stock index Nikkei225 could not overcome the resistance near 15500 and corrected downwards. At the moment, the price reached a strong slant line of support and in case of breaking through it is likely to fall to 15,000. Signals to open long positions in case of growth will be price fixing above 15500. We maintain a medium-term positive outlook, but expect the signals to determine the future direction of price movement.

Nearest resistance levels: 15500, 15800

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

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