06.10.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 keeps moving beside the level of 2150-2170. At the moment, the amplitude of price fluctuations is reduced and after the consolidation, we expect a strong price movement. The growth in the near future is limited by the level of 2195. Confirmation of the sell signal will be fixing of price below the level of 2150. Our medium-term outlook remains negative and we are waiting for the beginning of decline 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 continued to rise after has overcome the level of 10500. Further growth is limited by the resistance level at 10800. According to our estimates, the decline will resume in the near future, and the confirmation of the sell signal will be fixing of price below 10300. Our medium-term outlook remains negative with the objectives at 9800 and 9300.

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 broken the upper limit of a triangle and the level of 16800, fixation above which will confirm a buy signal with the objectives at 17250 and 17600. In case of a fall, quotations may return to the levels of 16800 and 16550. Our medium-term outlook remains negative, but we expect continued growth in the near future.

Nearest resistance levels: 17100, 17250, 17600, 18000

Nearest support levels: 16800, 16500, 16300, 16000, 15850, 15650, 15500, 15350, 15200

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