04.10.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continues to consolidate near the level of 2170 and may continue the growth along the inclined support line in the near future and reach a historic high around 2195. In case of breaking through the inclined support line, and fixing below 2150 quotes will continue the decline until 2120, 2040 and 2000. Our medium-term outlook remains negative and we expect a decrease in the near future.

Nearest resistance levels: 2195, 2200, 2250

Nearest support levels: 2150, 2120, 2040, 2000, 1950, 1940, 1915, 1900, 1886, 1873

The price of the futures on the German stock index DAX30 continues to decline within the local downtrend. We expect that in the near future the price will reach the level of 9400, after breaking of which will continue to decline with the objectives of 9190 and 8900. The growth is limited by the level of the nearest local maximum around 9700. We maintain a medium-term negative outlook and recommend holding short positions.

Nearest resistance levels: 10800, 11200, 11600

Nearest support levels: 10500, 10300, 9800, 9600, 9300, 9190, 9000, 8900, 8600, 8000

The price of the futures on the Japanese stock index Nikkei225 has shown a sharp increase within which approached the level of resistance at 16800 and the upper boundary of the triangle. Fixing the price above the given levels will be the basis for continued growth to 17250 and 17600. We expect the resumption of the negative dynamics in the nearest future and recommend to open short positions when fixing the price below 16300. Our medium-term view also remains negative.

Nearest resistance levels: 16500, 16800, 17100, 17250

Nearest support levels: 16300, 16000, 15850, 15650, 15500, 15350, 15200, 15000

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