30.10.2014 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 failed to reach the level of 2000 and started to correct downwards. In case of continued upward movement, quotations may reach the level of 2010. Given the limited upside potential, we maintain a medium-term negative outlook, but recommend to wait for fixing the price below 1950 that will be a signal to open short positions.
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 stopped the growth and failed to reach the resistance near 9190. Let us recall that fixing the price above 9200 will be a signal to close short positions. In this case growth may continue until 9600 and 9800. Despite the current price movement inside the rising channel, we maintain a medium-term negative outlook with the objectives of the 8400 and 8000.
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 continued to rise, but could not overcome the resistance at 15650. The upward movement of the price is limited by the level of 16000. In case of reduction, the signal to open short positions will be fixing the price below 15200. We expect further growth of price, but save our negative medium-term view.
Nearest resistance levels: 15650, 15800, 16000, 16100
Nearest support levels: 15450, 15200, 15000, 14800, 14500, 14000, 13400