21.09.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continued to consolidate below the level of 2150 and has broken through the inclined resistance line. In case of overcoming the resistance level at 2150, we are likely to see a continuing rising dynamics of price to the levels 2170 and 2195. On the other hand, there is a high probability of resumption of negative dynamics of quotations with the targets 2100 and 2040. Our medium-term outlook remains negative and we expect strong price movement today and tomorrow.

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 continues to grow after failed to gain a foothold below the level of 10300. Currently quotes are around the level of 10500 and fixation above it will be the basis for continued growth with the first target at 10800. Confirmation of the signal to sell will be the price fixing below 10300. In this case, the stop should be set above 10500, and target levels will be 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 after some consolidation above the level of 16300, has shown strong growth during which was able to overcome the resistance level at 16550 and the inclined resistance line. At the moment, are the quotes near 16800 and can continue its growth up to 17100-17250. Volatility will be increased in the next few days. Our medium-term outlook remains negative, but the current growth may continue in the near future.

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

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

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