23.03.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 continues to rise gradually within the local uptrend and approached the all-time highs. For the continued growth, prices must be fixed above the level of 2120. In case of correction, quotations may return to the levels of 2080 and 2040. We maintain a medium-term positive outlook.
Nearest resistance levels: 2120, 2150, 2200
Nearest support levels: 2100, 2080, 2070, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886
The price of the futures on the German stock index DAX30 could not continue to grow and has overcome the resistance at 12200 and at the moment is corrected inside the rising channel. In case of continuation of an ongoing dynamics, signal to sell will be breaking through the bottom of the channel and consolidation below 11800. We maintain our medium-term positive outlook and recommend holding long positions.
Nearest resistance levels: 12000, 12600, 13000
Nearest support levels: 11600, 11450, 11200, 11000, 10800, 10600, 10300
The price of the futures on the Japanese stock index Nikkei225 continues to grow along the top edge of the rising channel. In the nearest future a positive trend is likely to continue and quotes will reach the psychologically important level of 20000. In case of correction, quotations may fall to 19400 and the bottom of the channel. We recommend holding long positions with a stop below 19000 and maintain a medium-term positive outlook.
Nearest resistance levels: 20000
Nearest support levels: 19400, 19000, 18500, 18100, 17850, 17550, 17200, 16600, 16400