19.10.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 rebounded from the lower boundary of the ascending channel and continued growth as a result of which have overcome an important mark of 2020. This fact is a signal for further growth of quotations to the nearest targets at 2070 and 2100. We recommend to open long positions with a stop below 1990. Our medium-term outlook remains positive.
Nearest resistance levels: 2045, 2070, 2085, 2100, 2120, 2135
Nearest support levels: 2020, 2000, 1950, 1910, 1886, 1850, 1780
The price of the futures on the German stock index DAX30 after the recent correction, approached the lower boundary of the ascending channel and resumed growth. Currently quotes are trying to overcome the level 10200, which will lead to continued growth to 10400. Fixing above 10400 will confirm the signal for opening long positions with the targets at 11200 and 12000. In this case, the stop should be set below the local minimum at 9900. Our medium-term outlook remains positive.
Nearest resistance levels: 10400, 10800, 11200, 11400, 11800, 12000, 12400
Nearest support levels: 10000, 9600, 9400, 9000, 8500
The price of the futures on the Japanese stock index Nikkei225 was not able to continue the growth to a strong resistance level at 10500 and started to correct. The negative dynamics of prices in the near future is limited by the support level at 17500 and 18000. On the other hand, we recommend opening long positions with the targets of 19200 and 20000 in case of fixing of quotations above 18500. Our medium-term outlook remains positive.
Nearest resistance levels: 18500, 19200, 19400, 20000, 20400, 20650, 21000, 21500
Nearest support levels: 18000, 17500, 17000, 16500, 16000, 15200