22.01.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continued correction under which may break through the upper boundary of descending channel and approached the level of 1910, securing above which will be the basis for continued growth of price until 1950 and 1990. The current positive trend is likely to continue soon, but the fall according to our forecasts will resume with the potential decrease until 1780 and 1750.

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

Nearest support levels: 1886, 1850, 1800, 1780, 1750, 1720

The price of the futures on the German stock index DAX30 continues to grow within the correction after has left the local descending trend and may soon reach the levels of 10000 and 10400. According to our estimates, the current correction will continue in the near future and then decline within the downward channel can resume.

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

Nearest support levels: 9600, 9400, 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 increases after several unsuccessful attempts to continue decline after reaching the level of 16000. In case of continuing upward dynamics and fixation above 17200, quotations according to our estimates will continue to rise to 18000 and 18600. We expect growth in the near future and in case of opening long positions, the stop should be set below 16000.

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

Nearest support levels: 16500, 16000, 15200

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