31.12.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 after reaching the resistance at 2080 started to correct and has fallen to the level of 2065 and inclined support line. In case of breaking through these levels, the fall may continue until the next targets at 2050 and 2020. It should be noted that now there is a possibility of rebound of the price upwards, and continued growth to 2080 and 2100. Our medium-term outlook remains positive, but the growth potential is limited.

Nearest resistance levels 2080, 2100, 2120, 2135, 2150, 2200

Nearest support levels: 2065, 2050, 2020, 2000, 1950, 1910, 1886, 1850, 1780

The price of the futures on the German stock index DAX30 corrected downwards and may continue to decline to the inclined support line. Its breakout will lead to further drop in price to 10400 and 10200. Fixing above the level of 10800 will be the basis for continued growth to 11000 and 11400. We expect the positive dynamics of price in the medium term.

Nearest resistance levels: 10800, 11000, 11200, 11400, 11800, 12000, 12400

Nearest support levels: 10400, 10000, 9600, 9400, 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 corrected down to the lower boundary of the local rising channel and can continue to grow within it soon. At the moment, there is a possibility to open a long position with a short stop below the level of 18600. The target level in this case will serve 19400 and 19700. Our medium-term outlook is positive and we are waiting for growth in the near future.

Nearest resistance levels: 19000, 19400, 19700, 20000, 20400, 20650, 21000, 21500

Nearest support levels: 18600, 18000, 17500, 17000, 16500, 16000, 15200

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