30.10.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 after consolidation near the level of 2070, continues to grow and has reached the next target level of 2100 and then may continue to grow to 2120 and 2135. Within the correction quotes may fall to 2070 and the lower limit of the downward channel. We expect growth of price in the near future and medium term, and recommend holding long positions.
Nearest resistance levels: 2085, 2100, 2120, 2135
Nearest support levels: 2070, 2020, 2000, 1950, 1910, 1886, 1850, 1780
The price of the futures on the German stock index DAX30 continues to consolidate near the level of 10800 and can continue to grow to 11200 in the near future. In the near future is likely continued movement of quotes around current levels and reaching the lower boundary of the local rising channel. We expect hitting an important level of 12000 in the medium term and recommend holding long positions.
Nearest resistance levels: 11200, 11400, 11800, 12000, 12400
Nearest support levels: 10800, 10400, 10000, 9600, 9400, 9000, 8500
The price of the futures on the Japanese stock index Nikkei225 has shown a strong increase in volatility, but could not overcome the resistance level at 19200, that is necessary to continue the upward trend to target the level of 20000. The fall is limited by the sloping support line. The signal about the changing of local positive trend to negative will be fixation below 18500. We maintain our medium-term forecast.
Nearest resistance levels: 19200, 19400, 20000, 20400, 20650, 21000, 21500
Nearest support levels: 18500, 18000, 17500, 17000, 16500, 16000, 15200