29.12.2014 - ​Technical view on stock indexes

The price of the futures on the American stock index S&P500 updated the historical maximum, but continues to consolidate near the level of 2080. In case of overcoming the level of 2100 can be expected increase to 2150. At the moment, we see a lack of strength for further growth of bulls and look forward to the start of a substantial correction in the near future. Our medium-term outlook despite the possibility of short-term growth remains negative.

Nearest resistance levels are 2100, 2150, 2200

Nearest support levels: 2080, 2040, 2025, 2000, 1980, 1950, 1915, 1900, 1886, 1860, 1820

The price of the futures on the German stock index DAX30 declines today after some consolidation near the level of 9900. The growth of quotations is limited by the resistance levels at 10000 and 10100. In case of fixing the price below 9700, we recommend to open short positions with the potential of fall to 9400, 9190 and 8900. Our medium-term outlook remains negative.

Nearest resistance levels: 9900, 10000, 10300

Nearest support levels: 9700, 9600, 9400, 9190, 9000, 8800, 8600, 8200, 8000

The price of the futures on the Japanese stock index Nikkei225 declined sharply and reached an important level of 17500. In case of further price reduction and overcoming of support at 17500, we forecast a drop to 17200 and 16700. Trading volumes in the coming days will be reduced. Growth is limited by the resistance at 18000. Our medium-term view is negative.

Nearest resistance levels: 18000

Nearest support levels: 17500, 17200, 17000, 16700, 16400, 16000, 15800, 15450, 15200

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