20.09.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 keeps consolidating below an inclined line of resistance and the level of 2150. In case of overcoming these marks, the growth will continue until 2170 and 2195. On the other hand, when opening short positions with the targets at 2100 and 2040, the stop must be installed above 2150. Our medium-term outlook remains negative and we forecast a drop in the near future.

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 has not been able to gain a foothold below the level of 10300 and is currently growing within the correction. The current upward momentum may continue up to 10500, and its overcoming will become the basis for continued growth to 10800. On the other hand, the more likely will be repeated breakout of 10300 and the subsequent decline to 9800 and 9300. Our medium-term outlook remains negative and we expect a strong increase in volatility during the next few days.

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 range 16300-16550. In case of continued growth quotations may reach an inclined resistance line. In the near future there is the possibility of renewed negative dynamics of price and a signal to sell in this case will be fixation below 16300. The first objectives in case of reduction will be 15850 and 15400. 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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