27.08.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 reached the level of 2000, and continues to consolidate near this mark. Further growth is possible only in case of fixing the price above this level. Considering the importance of the psychological mark of 2000, in order to overcome that limit will be needed a strong incentive. In case of reduction, a signal to sell will be price fixing under the lower boundary of the rising channel and the level of 1990. We maintain a medium-term negative outlook and expect the beginning of the correction in the near future.

Nearest resistance levels: 2000

Nearest support levels: 1990, 1975, 1950, 1940, 1915, 1900, 1886, 1873, 1850, 1780

The price of the futures on the German stock index DAX30 reached the upper limit of the local rising channel and in the near future will likely continue to grow until 9600-9630, after which we will probably see consolidation and downward price correction. In case of a reversal of the current positive momentum signal to open short positions will be fixing the price below 9300. We maintain a medium-term negative outlook.

Nearest resistance levels: 9600, 9800, 9870, 10030, 10500

Nearest support levels: 9400, 9190, 9000, 8915, 8600, 8000

The price of the futures on the Japanese stock index Nikkei225 continues to consolidate above the level of 15500. It is worth noting that the amplitude of fluctuations of price is reduced, which in the future should lead to a strong price movement. At the moment, the price is outside the local rising channel and confirmation of the sell signal will be fixing the price below 15500. The growth is limited by the levels 15800 and 16000. We maintain a positive outlook for the medium-term, but recommend to wait for a signal to open positions.

Nearest resistance levels: 15800, 16000

Nearest support levels: 15500, 15350, 15200, 15000, 14800, 14700, 14600, 14400

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