20.01.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 has broken through the upper limit of the local descending channel and continued the growth. At the moment, the quotes are consolidated near the level of 2025 and in the case of consolidation above this mark, will continue to grow to 2070 and 2080. It is worth noting the high probability of resumption of the downward movement of prices in the near future. Confirmation of the signal for opening short positions will be fixing the price below 1975. We recommend holding short positions with a stop above 2090 and maintain a medium-term negative outlook.
Nearest resistance levels: 2025, 2040, 2050, 2080, 2100, 2150, 2200
Nearest support levels: 1975, 1950, 1915, 1900, 1886, 1860, 1820
The price of the futures on the German stock index DAX30 is consolidating below the level of 10300. On the price chart was formed the figure "pennant", which points to a continuation of the current trend. In this regard, we expect further growth of quotations with immediate goals at 10500 and 10600. In case of correction, the price may fall to 10000. We are revising our medium-term negative outlook and are waiting for new signals.
Nearest resistance levels: 10300, 10500, 10600
Nearest support levels: 10100, 10000, 9600, 9400, 9190, 9000, 8800, 8600, 8200, 8000
The price of the futures on the Japanese stock index Nikkei225 started to grow rapidly after breaking through the sloping resistance line and the level of 17200. We expect that the price in the near future will reach the resistance at 17550. In case of breaking through this level quotes will continue to rise with the target at near 18000. Price fall is limited by the level of support at 16550. We expect a decrease of quotations in the medium term, but expect further growth in the coming days.
Nearest resistance levels: 17550, 18000
Nearest support levels: 17200, 16600, 16400, 16000, 15800, 15450, 15200