23.01.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 accelerated the growth yesterday and currently quotes are approaching the level of 2070. Given the strong upward momentum, we expect continued growth in price to record highs. In case of overcoming the resistance level of 2100, is expected the continuation of the price growth in the medium term. We recommend to wait for a confirmation of the signal to open long positions and are reviewing the medium-term negative outlook.

Nearest resistance levels: 2080, 2100, 2150, 2200

Nearest support levels: 2050, 2040, 2025, 1975, 1950, 1915, 1900, 1886, 1860, 1820

The price of the futures on the German stock index DAX30 after some consolidation below 10300, was able to overcome this resistance and currently quotes reached the target level of 10600. Now there is a great probability of further growth of the price to the level of 11000. In case of correction, the price may fall to 10300. We are revising the medium-term negative outlook to positive with the growth potential up to 12000.

Nearest resistance levels: 10500, 10600, 11000, 11200, 11500, 12000

Nearest support levels: 10300, 10100, 10000, 9600, 9400, 9190, 9000, 8800, 8600

The price of the futures on the Japanese stock index Nikkei225 after consolidation above 17200, continued to grow and is currently consolidating near the resistance level at 17550. Further growth is limited by the levels of 17900-18000. In case of correction, the price may fall to 17200. At the moment, the more likely is a continuation of the price growth in the medium term and in the near future.

Nearest resistance levels: 17550, 18000

Nearest support levels: 17200, 16600, 16400, 16000, 15800, 15450, 15200

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.