29.09.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 after some correction, resumed the downward movement and now is near the level of 1975. Fixing the price below this point is a signal to open short positions. We maintain a medium-term negative outlook on the futures and recommend holding short positions with a stop above 2000, and closest targets at 1950 and 1915.

Nearest resistance levels: 2000, 2010, 2020, 2050

Nearest support levels: 1950, 1940, 1915, 1900, 1886, 1873

The price of the futures on the German stock index DAX30 continues to decline within the local downtrend. We expect that in the near future the price will reach the level of 9400, after breaking of which will continue to decline with the objectives of 9190 and 8900. The growth is limited by the level of the nearest local maximum around 9700. We maintain a medium-term negative outlook and recommend holding short positions.

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

Nearest support levels: 9400, 9190, 9000, 8900, 8600, 8000

The price of the futures on the Japanese stock index Nikkei225 continues to move between the bottom of the rising channel and resistance at 16400. Continued growth is possible in the case of fixation the quotes above 16400. In case of a change of trend, a signal to open short positions will be the price decline below 16000. Despite the decline in the growth potential, our medium-term outlook remains positive.

Nearest resistance levels: 16500, 17000

Nearest support levels: 16100, 16000, 15800, 15650, 15500, 15350, 15200, 15000

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