18.03.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continued to show moderate growth during which approached the resistance at 2050. Overcoming this level will lead to further growth of price up to 2080 and 2100. The probability of price correction in the near future has grown considerably and we may see a drop in prices to the level of support at 2000 and the lower boundary of the channel. Our forecast for the coming months remains negative and confirmation of signal and to sell will be fixing of price below 2000.

Nearest resistance levels: 2050, 2065, 2080

Nearest levels of support: 2020, 2000, 1990, 1950, 1910, 1860, 1820, 1800, 1780, 1750, 1720

The price of the futures on the German stock index DAX30 after reaching the level of 10000, has slightly fallen and is currently consolidating near the level of 9900. A further reduction is possible to the level of 9600 and its breaking through will be the reason to open short positions with the targets at 9000 and 8750 Our medium-term outlook remains positive and immediate objectives are 10800 and 11200 .

Nearest resistance levels: 10150, 10400, 10800, 11000, 11200

Nearest levels of support: 9800, 9100, 9000, 8500, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 broke through the inclined support line and approached the important support level at 16500. Fixing of price below this level will confirm the sell signal with the targets at 15700 and 15000. On the other hand, a buy signal will be fixing of price above the level of 17250. Our medium-term outlook remains positive, but the current price decline may continue in the near future.

Nearest resistance levels are: 17250, 17500, 18000, 18600, 19000, 19400, 19700

Nearest support levels are: 16500, 15700, 15000, 12500

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