19.01.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 has broken through the upper limit of the local descending channel and reached the resistance level of 2025, but could not overcome it. At the moment, quotations are reduced and can reach the level 1975. The breaking of this level will confirm the signal for opening of short positions with the targets 1950, 1915 and 1886. Growth is limited by the level of historical highs around 2090. We maintain our medium-term negative outlook.

Nearest resistance levels: 2025, 2040, 2050, 2080, 2100, 2150, 2200

Nearest support levels: 1975, 1950, 1915, 1900, 1886, 1860, 1820

The price of the futures on the German stock index DAX30 was able to overcome the psychologically important level of 10000 and reached the highest level since 2008. At the moment, quotations decline after reaching 10300. Further growth is limited by the levels of 10500-10600. For the resumption of a downward trend the price needs to break through the level of 10000. In the near future we can see the continuation of short-term correction.

Nearest resistance levels: 10300, 10500, 10600

Nearest support levels: 10100, 10000, 9600, 9400, 9190, 9000, 8800, 8600, 8200, 8000

The price of the futures on the Japanese stock index Nikkei225 rebounded from the support level at 16550 and reached a sloping resistance line. Further growth is limited by the resistance level at 17200 in case of overcoming of which the price may continue to grow to 17550. After the completion of the consolidation of the price within the triangle, we expect a strong price movement. Our medium-term outlook remains positive.

Nearest resistance levels: 17200, 17500, 18000

Nearest support levels: 16700, 16400, 16000, 15800, 15450, 15200

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