28.01.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 decreases within the corridor 2025-2070. The amplitude of the fluctuations of the price decreases, which indicates a strong price movement after the completion of the consolidation of the price. To continue the downward movement with the first target at 1975, the price needs to be fixed below 2025. Continued growth is possible only after overcoming and fixing the price above historical highs around 2090. We recommend to wait for a confirmation of the signal to open new positions and predict the growth of price volatility today.

Nearest resistance levels: 2070, 2090, 2100, 2150, 2200

Nearest support levels: 2025, 1975, 1950, 1915, 1900, 1886, 1860, 1820

The price of the futures on the German stock index DAX30 corrected to the lower boundary of the rising channel after failed to consolidate above the resistance level at 10800. In case of breaking of the lower boundary of the channel, quotations may continue to fall to the level of 10300. We maintain our positive midterm outlook with a target at 12000, but do not exclude the reduction of prices in the near future time.

Nearest resistance levels: 10800, 11000, 11200, 11500, 12000

Nearest support levels: 10600, 10300, 10100, 10000, 9600, 9400, 9190, 9000, 8800, 8600

The price of the futures on the Japanese stock index Nikkei225 continues to consolidate between the inclined support and resistance lines. After overcoming the level of 17550, the price has continued to grow and soon will reach the target level of 18000. In case of overcoming this level is the price upward trend expected to continue to 18600 and 19000. The signal of changing the local downtrend will be fixing the price below 17550. We maintain a positive midterm forecast, but do not exclude the correction in the near future.

Nearest resistance levels: 18000, 18600, 19000

Nearest support levels: 17550, 17200, 16600, 16400, 16000, 15800, 15450, 15200

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