19.02.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 corrected down to the level of 1910 and may continue the upward movement in the near future with the first target at 1950. In the case of overcoming this resistance level, the rising dynamics will continue until 1990 and 2020. On the other hand, a breaking of support at 1910, will lead to change in the local trend to negative with the first goals at 1860 and 1820. We maintain a negative outlook for the coming months.

Nearest resistance levels: 1950, 1990, 2000, 2020, 2050, 2065, 2080

Nearest levels of support: 1910, 1860, 1820, 1800, 1780, 1750, 1720

The price of the futures on the German stock index DAX30 has shown strong growth and approached the upper boundary of descending channel. At the moment, there is a possibility fall of price within the correction with the first targets at 9300 and 9000. Confirmation of the signal to buy will be price fixing beyond the descending channel and above the resistance level around 9800. Our medium-term outlook remains positive, but quotes probably will decline in the near future.

Nearest resistance levels 9800, 10150, 10400, 10800, 11000, 11200

Nearest levels of support: 9300, 9000, 8500, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 recently corrected down, but continues to consolidate near the level of 16000. The further fall is possible to the psychologically important support level at 15000. In case of continued growth, a buy signal will be fixing of the price above 16250. Our medium-term outlook remains positive, but we do not rule out re-testing the level of 15000.

Nearest resistance levels: 16000, 16600, 17250, 17500, 18000, 18600, 19000, 19400, 19700

Nearest support levels: 15000, 12500

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