21.01.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 showed increased volatility but could not continue its upward movement. At the moment, the quotes are consolidated near the level of 2025. The increase in price levels is limited by historic highs. Signal for the continuation of the downward price movement will be fixing the price below 1975. We maintain our medium-term negative outlook, but admit the possibility of the price growth in the near future.

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 could not overcome the resistance level at 10300 and after some consolidation below this level, began to decline. In case of continued downward movement, quotes, will reach the level of support at 10000-10100. Overcoming the level of 10300 will be the basis for further price growth with targets at 10500, and 10600. We recommend to wait for signals to open new positions and expect increased volatility tomorrow.

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 failed to reach an important level of 17550 and started to correct downward. If the price fixates above the level of 17200, the price will continue to rise to the level of 17550 and 18000. The fall is limited by the support at 16550. We keep medium-term negative view, but we can see continued growth in prices in the near future.

Nearest resistance levels: 17550, 18000

Nearest support levels: 17200, 16600, 16400, 16000, 15800, 15450, 15200

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