13.09.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 rebounded upwards after a strong decline on Friday and compensated a significant portion of the losses. After reaching the inclined line of resistance, the fall has resumed and in the near future may continue decrease to 2100 and 2040. The growth in the near future is limited by the inclined resistance line. Our medium-term outlook remains negative and the fall will probably continue in the near future.

Nearest resistance levels: 2120, 2135, 2150, 2170, 2200, 2250, 2300

Nearest support levels: 2080, 2040, 2020, 2000, 1980, 1950, 1910

The price of the futures on the German stock index DAX30 corrected upwards after rebounded from the level of 10300. In case of continued growth and overcoming the level of 10500, quotations may reach the level of 10800, but more likely will be the resumption of negative dynamics of price with the objectives at 9800 and 9300. Fixation lower than 10500 will be confirmation of the signal to sell. 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 resumed fall after the recent rebound and for continuation of negative dynamics quotes need to overcome the support level at 16550. In this case, the closest targets will be 16300 and 15850. Growth is limited by the levels of 16800 and the inclined resistance line. 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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