09.06.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 after a minor correction retested resistance level at 2120. In the case of overcoming this mark, the growth will continue until 2135. On the other hand in order to overcome historical highs is needed a significant incentive. In case of opening short positions with the first targets at 2080, 2040 and 2000, the stop must be installed above 2135. We expect the beginning of corrective decline in the near future.

Nearest resistance levels: 2120, 2135

Nearest support levels: 2100, 2080, 2040, 2020, 2000, 1980, 1950, 1910, 1860, 1820, 1800

The price of the futures on the German stock index DAX30 decreases after reaching the level of 10300. In the case of resumption of the rising movement of the price, quotations may grow to 10500 and then to continue the positive dynamics to 10800 and 11200. Within the negative price impulse can break through the support at 10150 and continue to decline to 9800 and 9600. Our medium-term outlook remains positive, but the probability of falling in the coming weeks remains high.

Nearest resistance levels: 10500, 10800, 11000, 11200

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

The price of the futures on the Japanese stock index Nikkei225 has not been able to gain a foothold above the resistance level at 16800 and started to correct downwards. In case of continuation of the current correction target levels will be 16300 and 15850. On the other hand, the resumption of positive dynamics and breaking through 16800 will become the reason for further growth with the objectives at 17250 and 17500. Our medium-term outlook remains positive, despite the expected decline in the near future.

Nearest resistance levels: 16800, 17250, 17500, 18000, 18600, 19000, 19400, 19700

Nearest support levels: 16300, 15850, 15400, 15000, 12500

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.