23.09.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 has temporarily stabilized after a strong upward impulse within which could overcome the level of 2170. In near future, growth may continue to historical highs around the levels 2195-2200. Overcoming these marks is unlikely. Our medium-term outlook remains negative and we expect the resumption of the negative dynamics in the near future with potential targets at 2100 and 2040.

Nearest resistance levels: 2200, 2250, 2300

Nearest support levels: 2170, 2150, 2135, 2120, 2080, 2040, 2020, 2000, 1980, 1950, 1910

The price of the futures on the German stock index DAX30 has reached a local resistance level near 10650 after the strong growth. In the near future quotes will probably reach the resistance level at 10800, fixing above which will be a strong signal for opening long positions with the targets at 11200 and 11600. According to our forecasts, the decline will resume in the near future, and in this case the closest targets will be 10500 and 9800. Our medium-term outlook also remains negative with the objectives at 9300 and 8600.

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 corrected sharply after the recent gains within which quotations could break through the level of 16800, but has not fixed above it. The growth in the near future is limited by the levels of resistance at 17150-17250. Our medium-term outlook remains negative and in the near future there is a possibility of price reduction to 16550 and 16300.

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

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

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