22.10.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continued to rise after breaking through the level in 1915 and will soon reach the level of 1950, but to overcome it will be needed а substantial stimulus. We expect the resumption of the downward price movement. Our medium-term outlook remains negative and we recommend holding short positions with a stop above 1950.

Nearest resistance levels: 1950, 1980, 2000

Nearest support levels: 1940, 1915, 1900, 1886, 1860, 1820, 1780

The price of the futures on the German stock index DAX30 continued to rise, broke through the level of 8900 and approached the psychologically important mark of 9000. Overcoming this level is unlikely and we expect the price correction in the near future. In case of growth, quotations may increase to 9190. Our medium-term outlook remains negative and we recommend holding short positions with a stop above 9200.

Nearest resistance levels: 9000, 9190, 9400, 9600, 9800, 9870, 10030

Nearest support levels: 8900, 8600, 8200, 8000

The price of the futures on the Japanese stock index Nikkei225 after yesterday's correction again achieved strong resistance line. The growth of quotations above 15200 will be the signal to close short positions. Growth may continue in the near future, but our medium-term outlook remains negative with a target at about 14000.

Nearest resistance levels: 15200, 15450, 15650, 15800, 16000, 16100

Nearest support levels: 14800, 14500, 14000, 13400

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