22.09.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 could not continue to grow and corrected down to 1950. It is worth noting that the price fixed below the sloping line of resistance and breaking through 1950 is the basis for the continuation of the downward price movement until 1910. The signal to buy in the event of a resumption of growth will be fixing the price above 2000. Our medium-term outlook remains positive, but the fall is likely to continue in the near future.

Nearest resistance levels: 1950, 2000, 2025, 2045, 2070, 2085, 2100, 2120, 2135, 2150

Nearest support levels: 1915, 1900, 1886

The price of the futures on the German stock index DAX30 after breaking through the level of 10 000, is trying to gain a foothold below this level that will trigger the fall to 9600 and 9000. In the case of resumption of positive dynamics, a buy signal will be consolidation above 10400. Our medium-term outlook remains positive, but the decline may continue in the coming days.

Nearest resistance levels are: 10000, 10400, 10800, 11200, 11400, 11800, 12000, 12400

Nearest support levels: 9600, 9400, 9000

The price of the futures on the Japanese stock index Nikkei225 accelerated the downfall and will probably drop to 17500 in the near future. Fixing of price below the important support level will confirm a sell signal with the objectives at 16500 and 16000. Now quotes may rebound up to 18000, and 18500. We maintain our medium-term positive outlook, but do not exclude the fall in the near future.

Nearest resistance levels: 18500, 19200, 19400, 20000, 20400, 20650, 21000, 21500

Nearest support levels: 17500, 16500, 16000


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