24.10.2014 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 corrected down, but resumed growth and now is trying to overcome 1950. Fixing the quotations above this mark will be a signal to close short positions. Reduction potential is low. We maintain a medium-term negative outlook and recommend holding short positions with the target near 1780.
Nearest resistance levels: 1950, 1980, 2000
Nearest support levels: 1915, 1900, 1886, 1860, 1820, 1780
The price of the futures on the German stock index DAX30 reached the psychologically important level of 9000, but failed to gain a foothold above it. Currently quotations are consolidating below this level and in case of breaking through it will reach resistance at 9190. We expect the resumption of the downward movement of prices and recommend holding short positions. Our medium-term forecast remains negative.
Nearest resistance levels: 9000, 9190, 9400, 9600, 9800, 9870, 10030
Nearest support levels: 8900, 8600, 8200, 8000
The price of the futures on the Japanese stock index Nikkei225 continued to rise along the sloping line of support and has overcome the resistance level of 15200. The signals to open long positions will be fixing the price above 15450. Short positions should be opened in case of fixing the price below 15000. We recommend to wait for a signal to open new positions, but maintain a medium-term negative outlook.
Nearest resistance levels: 15450, 15650, 15800, 16000, 16100
Nearest support levels: 15200, 15000, 14800, 14500, 14000, 13400