23.02.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 has broken through the strong resistance level at 2100 and updated the historical maximum. Fixing the price above this mark will confirm a buy signal with the upside potential at 2150. In case of a change of the current trend to negative, a signal to sell will be fixing the price below 2080. We keep positive medium-term outlook and recommend holding long positions.

Nearest resistance levels: 2150, 2200

Nearest support levels: 2100, 2080, 2070, 2025, 2000, 1975, 1950, 1915, 1900, 1886, 1860

The price of the futures on the German stock index DAX30 is consolidated within the triangle. Exit of price beyond the limits of this figure will be an incentive for a strong price movement. We forecast growth up to 11600 and 12000, after fixing above 11000. A signal to sell will be fixing the price below 10800. In this case, is expected the fall to 10300 and 10000. We keep medium-term positive outlook, but note the high probability of a decline in the near future and recommend to wait for confirmation of the signal for opening new positions.

Nearest resistance levels: 11000, 11200, 11500, 12000

Nearest support levels: 10800, 10600, 10300, 10100, 10000, 9600, 9400, 9190, 9000

The price of the futures on the Japanese stock index Nikkei225 after a long consolidation within the triangle, has broken through its upper boundary and the psychologically important level of 11000. The price fixing above this level will be the basis for further growth with the first targets at 11600 and 12000. In case of reduction, we recommend to open short positions with the potential of fall to 10300 and 10000, after fixation below 10800. Our medium-term outlook remains positive.

Nearest resistance levels: 11200, 11500, 12000

Nearest support levels: 11000, 10800, 10600, 10300, 10100, 10000, 9600, 9400, 9190, 9000

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.