20.11.2015 - ​Technical view on stock indexes

The price of the futures on the American stock index S&P500 has broken through the inclined resistance line and at the moment is consolidating above the level of 2080. In the near future, prices may continue to rise to the levels of 2100, 2120 and 2135. The fall is limited by the levels of 2050-2060. We keep medium-term positive outlook and expect achievement of all-time highs in the near future.

Nearest resistance levels: 2100, 2120, 2135, 2150, 2200

Nearest support levels: 2060, 2020, 2000, 1950, 1910, 1886, 1850, 1780

October 5, 2015 USSPX Graph

The price of the futures on the German stock index DAX30 after a sharp rise yesterday, stabilized above 11000 and may soon close the gap and get back to the level of 11000. In case of continued growth, quotation will reach the marks 11400 and 11800 in the near future. The signal of changing the downward trend will be fixing of price below 10700. We expect a continuation of positive dynamics of prices in the near future and recommend holding long positions.

Nearest resistance levels: 11200, 11400, 11800, 12000, 12400

Nearest support levels: 11000, 10800, 10700, 10400, 10000, 9600, 9400, 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 continues to move around the level of 19800 and continues to grow with the objectives at 20400 and 20650, quotations must overcome the psychologically important level of 20000. Falling of price is limited by the lower boundary of the rising channel, a breaking of which will lead to a fall to 19200. We maintain a positive medium-term outlook and recommend holding long positions.

Nearest resistance levels: 20000, 20400, 20650, 21000, 21500

Nearest support levels: 19200, 18500, 18000, 17500, 17000, 16500, 16000, 15200

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