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