19.12.2014 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 reached historic highs near 2080, but given the probable fixation of positions on the last trading week of strong growth and the absence of an additional driver for continued growth, we expect the price correction in the near future and recommend to open short positions with short-term objectives 2050 and 2040 and a stop above 2080. Our medium-term negative outlook remains negative.
Nearest resistance levels: 2080, 2100
Nearest support levels: 2040, 2025, 2000, 1980, 1950, 1915, 1900, 1886, 1860, 1820
The price of the futures on the German stock index DAX30 after a strong decrease compensated losses and broke through the strong level of 9870. Further growth is limited by the levels of 10000-10080. In the near future we may see a drop in prices with targets at 9600, 9400 and 9190. Our medium-term outlook remains negative despite a strong upward impulse.
Nearest resistance levels: 10000, 10300
Nearest support levels: 9870, 9600, 9400, 9190, 9000, 8800, 8600, 8200, 8000
The price of the futures on the Japanese stock index Nikkei225 after some consolidation, managed to overcome the important level of 17500 and has continued to grow. This fact gives grounds for further growth of quotations with the target near 18000. The growth of the price may continue in the medium term, but at the moment there is a high probability of the soon reversal of upward movement.
Nearest resistance levels: 18000
Nearest support levels: 17500, 17200, 17000, 16700, 16400, 16000, 15800, 15450, 15200