31.10.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continued growth, has broken through the resistance in 2010 and reached a historic high near 2020. For further growth, will be need a strong incentive. At the same time there is a strong possibility of a downward correction. We recommend you to expect a signal for opening positions. Our medium-term outlook remains negative.

Nearest resistance levels: 2020, 2050

Nearest support levels: 2000, 1990, 1950, 1915, 1900, 1886, 1860, 1820, 1780

September 11, 2 014 USSPX Graph

The price of the futures on the German stock index DAX30 has broken through the resistance at 9190 and continued the growth. Further growth is limited by the resistance at 9400 and the upper border of the rising channel. In case of reduction, the signal to open short positions will be fixing the price below 9000. Our medium term outlook remains negative.

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

Nearest support levels: 9190, 9000, 8800, 8600, 8200, 8000

The price of the futures on the Japanese stock index Nikkei225 began to rise fast, broke through the upper limit of the local rising channel, and the nearest resistance level around 16400. The closest target level will be 17000, which is also likely to be broken due to the strong upward momentum. We are revising the negative outlook to the positive and look forward to continued growth in the near future.

Nearest resistance levels: 17000, 17500

Nearest support levels: 16400, 16000, 15800, 15450, 15200, 15000, 14800, 14500

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