18.02.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 continues to consolidate below the psychologically important level of 2100. Fixing of quotations above this level will confirm the signal for continued growth with the target price at 2150 and 2200. At the moment, there is a possibility of positive change of trend to negative. We recommend to open short positions with the potential of the price fall to the level of 2025 and 1990 in the case of breaking through the lower boundary of the rising channel and fixation below 2080. Our medium-term outlook remains positive.
Nearest resistance levels are 2100, 2150, 2200
Nearest support levels: 2080, 2070, 2025, 2000, 1975, 1950, 1915, 1900, 1886, 1860
The price of the futures on the German stock index DAX30 after a decline to a level of 10800 resumed growth and approached the important level of 11000. Fixing the price above this level will become a signal to continue the increase of quotations to 11600 and 12000. In case of a fall and fixing below 10600 we recommend opening short-term short positions with the potential fall to 10300and 10000. We expect growth in the medium time, but note the growing likelihood of a downward correction in the near future.
Nearest resistance levels: 11000, 11200, 11500, 12000
Nearest support levels: 10800, 10600, 10300, 10100, 10000, 9600, 9400, 9190, 9000
The price of the futures on the Japanese stock index Nikkei225 after some consolidation near the psychologically important level of 18000, continued growth inside the rising channel and according to our estimates the current positive trend will continue until reaching the level of 18600, and then can continue rise to 19000. Fall of the price within the correction is limited by the level of support at 18000. The signal of changing the trend will be fixing the price below 17800. We keep medium-term positive outlook and recommend holding long positions.
Nearest resistance levels: 18600, 19000
Nearest support levels: 18000, 17850, 17550, 17200, 16600, 16400, 16000, 15800