10.08.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continues to consolidate after previously has shown a sharp rise. A further increase in the near future is limited by the resistance level at 2200. The signal to sell in case of resumption of negative dynamics will be the price fixing below the inclined support line. Our medium-term outlook remains negative and we look forward to the beginning of a substantial correction in the coming weeks.

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 was able to overcome an important resistance level at 10500 and reached the upper border of the rising channel. The next upside target levels will be 10800 and 11200. Within the correction the price can decline to the bottom of the channel and the level of support at 10300, fixing below which will confirm the sell signal. Our medium-term outlook remains negative, despite the possibility of further growth in the coming days.

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 is moving within the range 16550-16800. Fixing the price above this level will be the basis for continued growth till 17250 and 17500. It should be noted that in order to overcome resistance at 16800 and continued growth will be needed a strong stimulus and a more likely scenario will be resumption of negative dynamics in the near future. Our medium-term outlook remains negative.

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

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

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