24.03.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 could not continue to grow and currently is consolidating above the level of 2100. For the continued growth, the price must gain a foothold above the level of 2120. In this case, the growth is likely to continue to 2150 and 2200. The signal of changing local uptrend to descending will be fixing of quotations below 2070. We maintain our positive outlook for the medium-term, but we can see a drop in the near future.

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 corrected inside the rising channel and currently is consolidating above 11850. The signal for opening short positions will be fixation below 11800. We look forward to continued growth of quotations and recommend holding long positions with a stop below 11800. Our medium-term outlook remains positive and we recommend holding long positions with the targets at 12600 and 13000.

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 could not overcome the level of 19800 and the upper boundary of the rising channel and is consolidating below these levels. In case of correction, quotations may be reduced to 19400, 19000, and the lower boundary of the rising channel. We expect further growth of quotations to the target mark on 20000. Our medium-term view remains positive and we recommend holding long positions.

Nearest resistance levels: 20000

Nearest support levels: 19400, 19000, 18500, 18100, 17850, 17550, 17200, 16600, 16400

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