26.01.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 after correction to 1910, renewed the fall and returned to the support level at 1860. If overcoming it, the fall will continue until 1800 and 1780. The signal for opening long positions will be fixing of price above the level of 1910. In such case quotations will reach 1950 levels and 1990. We forecast continued decline in the coming months.

Nearest resistance levels: 1910, 1950, 1990, 2000, 2020, 2050, 2065, 2080

Nearest support levels: 1886, 1850, 1800, 1780, 1750, 1720

The price of the futures on the German stock index DAX30 broke through the upper limit of the local downward channel, but continues to fall along it. In case of continued negative dynamics, the closest target level will be 9400. On the other hand, during the further growth quotations will reach the resistance around 10000-10100. Our medium-term outlook remains positive, but the current decline may continue in the coming days.

Nearest resistance levels are: 10000, 10400, 10800, 11000, 11200, 11400, 11800

Nearest support levels: 9600, 9400, 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 decreased after failed to overcome the resistance level at 17200. At the moment, the price is trying to gain a foothold outside the descending channel, which has left earlier. In case of fixation above 17200, the growth will continue to 18000 and 18700. The price may fall in the near future, but we expect the resumption of positive dynamics in the medium term.

Nearest resistance levels: 17000, 17500, 18000, 18600, 19000, 19400, 19700, 20000

Nearest support levels: 16500, 16000, 15200

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