09.08.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 is consolidating around the level of 2180 and in case of continued growth can grow up to 2200. According to our estimates, the growth potential is significantly reduced and the more likely is the resumption of negative price dynamics in the nearest future and confirmation of the signal to sell will be fixing of price below the inclined support line. Our medium-term outlook remains negative.

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 continued to rise and is currently located near the important level of 10500. In case of continued growth and fixation above this level, the closest targets will be 10800 and 11200. It is worth noting the growth of the probability of the start of correction and fixing of price outside the channel will be a signal to sell with a stop above 10500 and objectives at 9600 and 9300. Our medium-term outlook remains negative.

Nearest resistance levels: 10500, 10800, 11000, 11200

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

The price of the futures on the Japanese stock index Nikkei225 continued growth and came close to resistance at 16800. In case of overcoming this mark, the closest targets will be 17250 and 17500. In case of resumption of negative dynamics, the targets will be 16300 and 15850. Our medium-term outlook remains negative and we expect decline in the near future.

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

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

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