26.03.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 fell sharply after breaking through the levels 2080 and 2070. At the moment, quotes approached the important level of 2040, breaking through which will be the basis for further fall of quotations to the levels 2025 and 1990. In case of rebound from the support at 2040 quotes can return to the level of 2070, but more likely is a continuation of the downward movement of prices in the near future. Our medium-term outlook remains positive.

Nearest resistance levels: 2070, 2080, 2100, 2120, 2150, 2200

Nearest support levels: 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886

The price of the futures on the German stock index DAX30 has broken through the lower boundary of the ascending channel and an important support level at 11850. In case of fixing of quotations below these levels, we recommend opening short-term short positions with the potential drop to 11000 and 10600. Stop in this case is to be set above 12200. We maintain a positive outlook for the medium-term, but in the near future there is a high probability of downward movement.

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 after some consolidation below the resistance level of 19800 started to decline sharply and has broken through the support at 19400. At the moment, the price rebounded from the bottom of the ascending channel and can return to the level of 19400. In case of further decline, a signal to sell with the targets at 18000 and 17550 will be fixing below 19000. We keep the medium-term positive outlook and recommend holding long positions with a stop below 19000.

Nearest resistance levels: 19400, 20000

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

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