25.09.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 rebounded from the support level at 1910, which is the lower limit of the corridor 1910-2000 and returned to the important level of 1950. Overcoming this mark will be the basis for further growth to 2000. Breaking through this resistance level will be a signal for continued growth to 2070 and 2100. Our medium-term forecast is positive and the current short-term upward movement is also likely to continue in the near future.
Nearest resistance levels: 2000, 2025, 2045, 2070, 2085, 2100, 2120, 2135, 2150
Nearest support levels: 1950, 1910, 1900, 1886, 1850, 1780
The price of the futures on the German stock index DAX30 after reaching the level of 9400, resumed growth and has broken through the upper boundary of the local descending channel. This fact is the basis for further price correction to 9800 and 10000. Within the negative trend quotations may fall to the level of 9000 in the near future. Our medium-term outlook remains positive.
Nearest resistance levels: 10000, 10400, 10800, 11200, 11400, 11800, 12000, 12400
Nearest support levels: 9600, 9400, 9000, 8500
The price of the futures on the Japanese stock index Nikkei225 continued to decline along the sloping support line at 17500. The price fixing under the lower limit of the corridor 17500-18500, is a signal to sell with the objectives at 16500 and 16000. In case of correction, the quotes can return to 18000. We are waiting for confirmation of a sell signal and assume the possibility of reducing in the short term. We also maintain our medium-term negative outlook.
Nearest resistance levels are: 17500, 18500, 19200, 19400, 20000, 20400, 20650, 21000, 21500
Nearest support levels: 16500, 16000