16.08.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 has updated the historical maximum, but could not reach the level of 2200. At the moment, the quotes are corrected downwards, and can decline to the inclined support line breaking through which and fixation below 2175 will be basis for opening short positions with the potential targets at 2000 and 1950. Our medium-term outlook remains negative and growth potential in the near future is limited.

Nearest resistance levels: 2200, 2250, 2300

Nearest support levels: 2175, 2150, 2135, 2120, 2080, 2040, 2020, 2000, 1980, 1950, 1910

The price of the futures on the German stock index DAX30 decreases within the correction. In case of continuation of the current descending impulse, quotations will decrease to 10500 and the bottom of the rising channel. Growth within the channel is limited by the levels of 11000-1200. We maintain our medium-term negative outlook with the targets of 9600 and 9300 and forecast a continued decline today.

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 has shown a sharp decline after failed to gain a foothold above 16800. At the moment the price is near the level of the local minimum at 16600 and fixation below it will confirm the signal to sell with the targets at 16300 and 15850. Our medium-term outlook remains negative and we are waiting for the fall in the near future.

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

Nearest support levels: 16800, 16300, 15850, 15400, 15000, 14000, 13600, 12500

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