10.06.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 decreased after failed to overcome the resistance level at 2120. In case of continued rising dynamics, growth will continue to historic highs around 2135, but to overcome them will be needed a strong stimulus. A more likely scenario in the near future is the beginning of a correction and in case of opening short positions with the targets of 2080, 2040 and 2000 the stop should be set above 2135. Our forecast for the near future remains negative.

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 under the sharp decline was able to break through the support level at 10150 and if the price fixates below this level, we expect a continuation of negative dynamics of price to 9800 and 9600. In the nearest future growth is limited by the resistance at 10500, the overcoming of which will be reason for further price growth with objectives at 10800 and 11200. Our medium-term outlook remains positive, but in a short time, we can see the price drop.

Nearest resistance levels: 10150, 10500, 10800, 11000, 11200

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

The price of the futures on the Japanese stock index Nikkei225 decreases after failed to overcome the resistance level at 16800. In case of continued negative dynamics quotes will return to the support at 16300, and then can fall to 15850. On the other hand, overcoming the level of 16800 will become the basis for continued growth of quotations to 17250-17500. Our medium-term remains positive, but we expect a drop in the near future.

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

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

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