21.01.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continued decline within the descending channel after the recent correction to the upper boundary, and has resumed falling. After overcoming the level of 1850, the nearest target levels will be 1780-1800, after which we can see the correction of price. We expect the price decline in the near future and may see a correction soon.

Nearest resistance levels: 1850, 1886, 1910, 1950, 1990, 2000, 2020, 2050, 2065, 2080

Nearest support levels: 1800, 1780, 1750, 1720

The price of the futures on the German stock index DAX30 continues to decrease within the local descending channel and currently is consolidating around the level of 9400. The next upside target levels are 9000 and 8500. Within the correction, the quotes will return to a mark of 10000. We expect the fall in the near future, but soon may see the correction.

Nearest resistance levels: 9400, 9600, 10000, 10400, 10800, 11000, 11200, 11400, 11800

Nearest support levels: 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 continues to decrease gradually along the inclined support line. Currently quotations reached an important level of 16000 and its overcoming will lead to the continuation of the negative dynamics to 15200. In case of starting the correction, the price will rebound up to 17000-17200. In the near future we can see a sharp increase, but the current trend remains negative.

Nearest resistance levels: 16500, 17000, 17500, 18000, 18600, 19000, 19400, 19700, 20000

Nearest support levels: 16000, 15200

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.