09.09.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 showed a decrease, but continues to consolidate within the range 2170-2195. Overcoming the levels 2195-2200 will be the basis for the continuation of the upward price movement to 2250. In case of continued negative dynamics and fixing of price below 2170 we are forecasting a further decline with the first targets 2100 and 2040. Our medium-term outlook remains negative and we expect a strong movement after a long consolidation.

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 slightly decreased, but is still consolidating within the corridor 10500-10800. Fixation above the level of 10800 will be the basis for continued growth with potential targets at 11200 and 11600, will be fixing the above 10800. Confirmation of the sell signal in case of a fall will be fixing below 10500. Our medium-term outlook remains negative and we are waiting for a decline in the near future with the objectives at 9800 and 9300.

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 corrected downwards and in case of overcoming the support at 16800 will continue the decline to 16550 and 15850. The growth in the near future is limited by the level of resistance at 17250 and 17500. After the completion of the current consolidation we are forecasting a strong price movement. We maintain our medium-term negative outlook, and expect continued negative dynamics in the near future.

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

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