18.09.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 reached the level of 2000 and broke through it but was unable to consolidate above this mark and started to correct downward. In case of fixing above 2000, we recommend to open long positions with the first targets at 2070 and 2100. In the near future we may see continued price correction to 1950 and 1910. Our medium-term outlook remains positive.
Nearest resistance levels: 2000, 2025, 2045, 2070, 2085, 2100, 2120, 2135, 2150
Nearest support levels: 1950, 1915, 1900, 1886
The price of the futures on the German stock index DAX30 has broken the lower boundary of the local rising channel and approached the level of 10000. Fixing the price below this mark will be the basis for the continuation of the negative dynamics of prices to the level of 9600. The signal to buy will be price fixing higher than the 10400. We expect growth rates in the medium term despite the current fall.
Nearest resistance levels: 10400, 10800, 11200, 11400, 11800, 12000, 12400
Nearest support levels: 10000, 9600, 9400
The price of the futures on the Japanese stock index Nikkei225 could not continue to grow after some consolidation below 18500. As a result quotations continued to fall, and returned to the level of 18000. A further fall in price is limited by the level of 17500. Our medium-term outlook remains positive, but for opening long positions, we need fixation above 18500.
Nearest resistance levels: 18500, 19200, 19400, 20000, 20400, 20650, 21000, 21500
Nearest support levels: 17500, 16500, 16000