19.04.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 after the recent correction, was able to continue the growth within which has reached the target level of 2100. Further growth is limited by the resistance levels at 2135. To overcome the historical maximum near 2135, will be needed a strong impetus. In case of renewal of negative dynamics, the closest target levels will be in 2040, 2000 and 1950. The growth potential in the near future is limited, and the probability of correction in the near future has grown significantly.

Nearest resistance levels: 2100, 2120, 2135

Nearest levels of support: 2080, 2040, 2020, 2000, 1980, 1950, 1910, 1860, 1820, 1800, 1780

The price of the futures on the German stock index DAX30 was able to break through the strong resistance level at 10150 and returned within the ascending channel. This fact is a signal for opening long positions with a stop below 9800 and targets at 10800 and 11200. The likelihood of continued growth in the near future has increased significantly. Our medium-term outlook remains positive.

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

Nearest levels of support: 9600, 9000, 8750, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 continues to grow after overcoming the level of 17000, the closest resistance level will be 17250. In case of consolidation above this level, we recommend to open long positions with the objectives at 18000 and 18600. The fall is limited by the inclined line of support and the level of 16500. Our medium-term outlook remains positive.

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

Nearest support levels: 16500, 15700, 15400, 15000, 12500

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