29.05.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 is consolidating near the level of 2120. To continue the growth quotations need to overcome the historical maximum near 2135. In this case, we expect a continuation of the upward movement of the price to 2150 and 2200. In case of reduction, quotes will continue to fall with the potential of reaching the marks 2070, 2040 and 1990. We expect the growth of prices in the medium term, and we expect a strong increase in volatility today.

Nearest resistance levels: 2120, 2150, 2200

Nearest support levels: 2070, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886

The price of the futures on the German stock index DAX30 reduced after unsuccessful attempts to resume the growth. After some consolidation below 11900, the quotes have resumed falling and fixing the price below 11800 was the confirmation of the signal to sell with a target at 11200. Our medium-term outlook remains positive, but the fall is likely to continue in the near future.

Nearest resistance levels are: 11700, 11900, 12000, 12400, 12600, 13000

Nearest support levels: 11200, 11000, 10800, 10600, 10300

The price of the futures on the Japanese stock index Nikkei225 could not overcome the resistance level at 20600 and continues to consolidate near it. Currently quotes approached the lower boundary of the rising channel, and probably will continue to move within it to the target marks of 20800 and 21000. The signal to sell will be fixing below 20250. We keep medium-term positive outlook, and recommend holding long positions.

Nearest resistance levels are: 20800, 21000, 21500

Nearest support levels: 20250, 20000, 19800, 19400, 19000, 18500, 18100, 17850, 17550

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