22.09.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 started to correct downwards and could not gain a foothold above the 2020. Currently the price reached an important level of 2000. In the nearest future quotations may reach the level of 1990. In case of continuation of falling, a signal to open short positions will become fixing the price below 1975. The growth is limited by historical highs about 2020. We forecast a fall in price in the medium term.

Nearest resistance levels: 2010, 2020, 2050

Nearest support levels: 1990, 1975, 1950, 1940, 1915, 1900, 1886, 1873

The price of the futures on the German stock index DAX30 has broken through the strong resistance level of 9870, but failed to gain a foothold above it and started to correct downwards. Growth is limited by the psychologically important level of 10000. In case of continuation of the downward movement, confirmation of the signal to open short positions will become fixing the price below 9600. In such case quotations may fall to 9400 and 8900. We maintain a medium-term negative outlook.

Nearest resistance levels: 9800, 9870, 10030, 10500

Nearest support levels: 9600, 9400, 9190, 9000, 8900, 8600, 8000

The price of the futures on the Japanese stock index Nikkei225 after breaking through the psychologically important mark of 16000 continued to grow and is currently close to the level 16400. Further increase in the price is possible up to the upper boundary of the channel. Correction is limited by the level of 16000 and the bottom of the channel. We maintain our positive outlook for the medium-term and recommend holding long positions.

Nearest resistance levels: 16500, 17000

Nearest support levels: 16000, 15800, 15650, 15500, 15350, 15200, 15000, 14800

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