20.03.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 corrected down after a sharp rise, but continues to move within the local uptrend. According to our forecasts quotes will continue to rise in the near future to historic highs around 2120. In case of resumption of downward movement, the signal for opening short-term short positions with the targets at 2025 and 1990 will be fixation below the level of 2060. We keep positive medium-term outlook.

Nearest resistance levels are 2100, 2120, 2150, 2200

Nearest support levels: 2080, 2070, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886, 1860

January 28, 2015 USSPX Graph

The price of the futures on the German stock index DAX30 continues to grow gradually inside the rising channel. In case of continued price correction within the channel, quotations may reach the bottom of the channel. We forecast growth to continue in the near future to the first target levels at 12600 and 13000. The signal of changing the trend will be breaking through the bottom of the channel and fixing the price below 11600. We recommend holding long positions and maintain a medium-term positive outlook.

Nearest resistance levels: 12000, 12600, 13000

Nearest support levels: 11600, 11400, 11200, 11000, 10800, 10600, 10300

The price of the futures on the Japanese stock index Nikkei225 continued to grow after a minor correction and consolidation near the level of 19500. In case of correction, the price can be reduced to the level of 1900 and the lower boundary of the rising channel. We keep a positive medium-term outlook for price and recommend holding long positions with a stop below 19000.

Nearest resistance levels: 20000

Nearest support levels: 19600, 19000, 18500, 18100, 17850, 17550, 17200, 16600, 16400

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