15.09.2016 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 continued to decline and reached the level of 2120. Overcoming of support will be a strong stimulus for further reduction of quotations with the objectives at 2080 and 2040. The increase within the correction is limited by the level of 2150 and an inclined resistance line. Our medium-term outlook remains negative and more likely scenario in the near future remains a price reduction.
Nearest resistance levels: 2135, 2150, 2170, 2200, 2250, 2300
Nearest support levels: 2120, 2080, 2040, 2020, 2000, 1980, 1950, 1910
The price of the futures on the German stock index DAX30 is consolidating above the level of 10300. In case of correction, the price may return to the level of 10500, the overcoming of which will be the basis for continued growth to 10800. It is worth noting that consolidation below 10500, was the signal for the opening short positions, and we maintain a medium-term negative outlook with the targets at a 9800 and 9300. Our medium-term outlook also remains pessimistic.
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 accelerated decline after has broken the support level at 16550. In the near future quotations will reach the level of 16300, and in this case, the following objectives will be 15850 and 15400. Correction is limited by the level of 16550 and an inclined resistance line. We expect a further fall in prices in the near future and expect a decline in the medium term.
Nearest resistance levels: 16800, 17250, 17500, 18000, 18600, 19000
Nearest support levels: 16300, 15850, 15400, 15000, 14000, 13600, 12500