19.11.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 after a long consolidation broke through the level of 2040 and reached the next important mark at 2050. Overcoming this level will be the basis for further growth of price up to 2100. In case of reducing and fixing the price below 2000, we recommend to open short positions with the targets near 1915 and 1870. Our medium-term forecast remains negative, but in the near future we may see continued growth of the price.

Nearest resistance levels: 2050

Nearest support levels: 2020, 2000, 1990, 1950, 1915, 1900, 1886, 1860, 1820, and 1780

The price of the futures on the German stock index DAX30 after consolidation within the local triangle has broken through its upper boundary and started to grow rapidly. Currently quotes broke through the level of 9400 in the case of fixation above this mark will continue to rise up to 9600 and 9800. In case of renewal of a downward movement, a signal to open short positions will be fixing below 9190. We expect price growth in the near future, but keep medium-term negative outlook .

Nearest resistance levels: 9600, 9800, 9870, 10030

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

The price of the futures on the Japanese stock index Nikkei225 compensated the decrease and now is consolidating below the strong level of 17500. Overcoming this mark will be the basis for continued growth up to 18000. Currently the price increases inside the rising channel and the current movement will likely continue in the near future. We expect a continuation of the current positive momentum and recommend holding long positions with a stop below 16700.

Nearest resistance levels: 17500, 18000

Nearest support levels: 17000, 16700, 16400, 16000, 15800, 15450, 15200, 15000, 14800

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