29.10.2014 - ​Technical view on stock indexes

The price of the futures on the American stock index S&P500 continued growth and approached the strong line of resistance at 1990. Further growth is limited by resistance around 2010. Today, we expect increased volatility in prices. Upward movement may continue in the near future, but in the medium term, we expect the resumption of price reduction. The growth potential remains limited.

Nearest resistance levels: 1990, 2000

Nearest support levels: 1950, 1915, 1900, 1886, 1860, 1820, 1780

The price of the futures on the German stock index DAX30 is gradually increasing. We expect that the quotations will reach the level of 9200. Fixing above this mark will be a signal to close short positions. Confirmation of the signal on the resumption of the downward movement with the goals of 8400 and 8000, will be fixing the price below the local minimum at 8800. We maintain a medium-term negative outlook.

Nearest resistance levels: 9190, 9400, 9600, 9800, 9870, 10030

Nearest support levels: 9000, 8800, 8600, 8200, 8000

The price of the futures on the Japanese stock index Nikkei225 has broken through the strong level of 15450 after a long consolidation below this mark. We expect further growth of quotations to the upper boundary of the rising channel and levels of 15800 and 16000. Change of the uptrend is possible in case of fixing the price below 15200. We expect further growth, but maintain a medium-term negative outlook.

Nearest resistance levels: 15650, 15800, 16000, 16100

Nearest support levels: 15450, 15200, 15000, 14800, 14500, 14000, 13400

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