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