17.08.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 failed to overcome the local resistance level of 2188 and started decline during which broke through inclined support line. The signal to sell with a stop above 2200 and objectives 2100 and 2040 will be overcoming the local minimum around 2175. Our medium-term outlook remains negative and the probability of a decline in the near future has grown significantly.

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 after the recent reaching of an important level of 10800, began to correct downward, and may soon fall to support at 10500 and the lower boundary of the rising channel. Fixation lower than these levels will be a signal to sell with targets at 10150 and 9800. The increase is limited by the boundaries of the channel and the levels of 10800 and 11000. Our medium-term outlook remains negative and we expect a decrease in the near future.

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 after yesterday's sharp decline, and reaching the level of support at 16550 rebounded upwards and may soon return to the levels 16800-17000. Confirmation of sell signal with the objectives at 15850 and 15400, will be fixation lower than 16550. Our medium-term outlook remains negative and we look forward to a soon resumption of negative dynamics.

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

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

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