19.08.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continued ascending movement along the upper border of the rising channel and approached the important level of 1975 in case of breaking of it, the quotes are likely to rise to a historic high near 1990. Despite the current upward movement, the potential for growth is limited. In case of change of the trend to negative a signal to open short positions will be fixing the price below 1950. We maintain a medium-term negative forecast.

Nearest resistance levels: 1975, 1990, 2000

Nearest support levels: 1950, 1940, 1915, 1900, 1886, 1873, 1850, 1780

The price of the futures on the German stock index DAX30 continued ascending movement after fixing the price above 9190. In the near future, we expect growth to 9400, and then probably will see a downward correction within the local rising channel. We maintain a medium-term negative forecast, but admit the possibility of growth in the short term.

Nearest resistance levels: 9190, 9400, 9600, 9800, 9870, 10030, 10500

Nearest support levels: 9000, 8915, 8600, 8000

The price of the futures on the Japanese stock index Nikkei225 continued ascending movement and reached the resistance near 15500. To continue the current positive trend with the objectives of 15800 and 16000, the price needs to break the resistance and to gain a foothold above it. At the moment there is a high probability of price correction with the target of near 15200. Our medium-term outlook remains positive.

Nearest resistance levels: 15500, 15800, 16000

Nearest support levels: 15350, 15200, 15000, 14800, 14700, 14600, 14400, 14000, 13900

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