20.02.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 keeps consolidating below the level of 2100. In order to continue the growth with the first targets at 2150 and 2200, quotations need to overcome and fix above 2100. At the moment there is a high probability of price reduction within the correction. Signal for opening short-term short positions will be fixing the price below 2080. We keep positive medium-term outlook, but expect the correction in the near future.

Nearest resistance levels are 2100, 2150, 2200

Nearest support levels: 2080, 2070, 2025, 2000, 1975, 1950, 1915, 1900, 1886, 1860

The price of the futures on the German stock index DAX30 is consolidated within the triangle. Exit of price beyond the limits of this figure will be an incentive for a strong price movement. We forecast growth up to 11600 and 12000, after fixing above 11000. A signal to sell will be fixing the price below 10800. In this case, is expected the fall to 10300 and 10000. We keep medium-term positive outlook, but note the high probability of a decline in the near future and recommend to wait for confirmation of the signal for opening new positions.

Nearest resistance levels: 11000, 11200, 11500, 12000

Nearest support levels: 10800, 10600, 10300, 10100, 10000, 9600, 9400, 9190, 9000

The price of the futures on the Japanese stock index Nikkei225 continues to grow inside the rising channel. In case of correction, quotations may fall to 18200 and 18000, or the bottom of the channel. To change the current trend to negative, the price must break through the lower boundary of the channel and gain a foothold below 17900, which is a local minimum. Our medium-term outlook is positive and we expect growth in the near future.

Nearest resistance levels: 18600, 19000

Nearest support levels: 18100, 17850, 17550, 17200, 16600, 16400, 16000, 15800

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