21.08.2014 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 continued to rise and reached historic highs near 1990. Further growth is also limited by the psychologically important mark of 2000, we forecast beginning of a correction in the near future with a target near 1950. Our medium-term outlook also remains negative with the potential of reduction to 1780.
Nearest resistance levels: 1990, 2000
Nearest support levels: 1975, 1950, 1940, 1915, 1900, 1886, 1873, 1850, 1780
The price of the futures on the German stock index DAX30 continues to consolidate around the level of 9300. Continued growth is limited by a strong resistance level of 9400, we expect that after the correction, the price will resume its decline with the medium-term objectives of the 9000 and 8600. We recommend opening short positions after fixing the price below 9100 medium-term outlook remains negative.
Nearest resistance levels: 9190, 9400, 9600, 9800, 9870, 10030, 10500
Nearest support levels: 9000, 8915, 8600, 8000
The price of the futures on the Japanese stock index Nikkei225 continued to grow and has overcome the resistance level 15500. In case of further growth the price will reach 15800 and 16000. Fall is limited by the levels of support at 15350 and 15200. We maintain a medium-term positive outlook and look forward to continuing the upward movement within the channel in the near future.
Nearest resistance levels: 15800, 16000
Nearest support levels: 15500, 15350, 15200, 15000, 14800, 14700, 14600, 14400