16.09.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 has shown growth after failed to overcome the support level at 2120. It is worth noting that in the near future, the growth is limited by the level of 2150 and the inclined resistance line, fixing below which will be a strong signal for continuing growth until 2170 and 2195. According to our estimates, prices will continue to fall In the near future and a signal to sell will be price fixing below 2120. Our medium-term outlook remains negative.

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

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

The price of the futures on the German stock index DAX30 is consolidated within the range 10300-10500. In case of upward correction, the price may return to the level of resistance at 10800, but more likely will be the resumption of negative price dynamics and overcoming the support level at 10300 will be a signal to sell with targets at 9800 and 9300. 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 is moving within the local descending trend and may soon reach the support level at 16300. In case of breaking through this mark, the decline will continue until 15850 and 15400. Corrective gains are limited by the inclined resistance line. Our medium-term outlook remains negative and volatility is likely to remain elevated in the coming weeks.

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

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

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