02.09.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 is moving within the descending channel and may continue a decline in the near future to 2150. In case of breaking through the upper boundary of the channel, we expect the increase to 2195-2200. Our medium-term outlook remains negative and considering the long-term consolidation, we expect a strong movement in the near future.

Nearest resistance levels: 2200, 2250, 2300

Nearest support levels: 2170, 2150, 2135, 2120, 2080, 2040, 2020, 2000, 1980, 1950, 1910

The price of the futures on the German stock index DAX30 approached the level of support at 10500 and fixation below this level will be a confirmation of the sell signal with targets at 9800 and 9300. The growth in the near future is limited by the resistance at 10800, the overcoming of which is unlikely. We expect a rise in volatility today and maintain the medium-term negative outlook.

Nearest resistance levels: 10800, 11000, 11200

Nearest support levels: 10500, 10150, 9800, 9600, 9300, 9000, 8750, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 has overcome the resistance level at 16800 and is trying to gain a foothold above it that will be the basis for the continued growth of quotes to the levels of 17250 and 17500. On the other hand, after strong growth in previous days, we may see a correction of quotes and in this case the price may return to 16550 and 16300. Our medium-term outlook remains negative.

Nearest resistance levels: 17250, 17500, 18000, 18600, 19000

Nearest support levels: 16800, 16300, 15850, 15400, 15000, 14000, 13600, 12500

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