24.08.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 has shown growth and broke through the level of 2188, but was unable to gain a foothold above it and at the moment reduced within the corridor 2175-2188. In case of continued negative dynamics and fixing below the level of 2175, we recommend to open short positions with potential targets 2100 and 2040. Our medium-term outlook remains negative and the growth potential is minimal.

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 continues to consolidate near the level of 10500 after broke the lower border of the rising channel. Fixing below 10500 will become a signal to sell with potential targets 9600 and 9300. The growth in the near future is limited by the levels 10800-11000. Our medium-term outlook remains negative and we expect a further decline 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 is consolidated around the level of 16550. The continuation of negative dynamics in the descending channel will lead reaching the levels of 16300 and 15850. The growth in the near future is limited by the levels of resistance at 16800-16900. Our medium-term outlook remains negative and the probability of a decline in in the near future is high.

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

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

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