28.06.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 broke through the psychologically important level of 2000 and an inclined support level, but failed to gain a foothold below them and at the moment corrected upwards. In case of continued current upward impulse, the price may rise to 2040-2060. We expect negative dynamics of price in the near future.

Nearest resistance levels: 2020, 2040, 2080, 2100, 2120, 2135

Nearest support levels: 2000, 1980, 1950, 1910, 1860, 1820, 1800

The price of the futures on the German stock index DAX30 after another unsuccessful attempt to overcome the level of 9300, rebounded upwards and its further growth is limited by resistance levels at 9600 and 9800. In case of a fall, a signal for opening short position will be fixing of price below the level of 9300. The target levels within the fall will be 9000 and 8750 we expect increased volatility in the near future and more likely is the further price decline.

Nearest resistance levels: 9600, 9800, 10150, 10500, 10800, 11000, 11200

Nearest support levels: 9300, 9000, 8750, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 rebounded upward to a level of 15000 and reached resistance at 15400 and its overcoming will be the basis for the further increase in price to the inclined resistance line. In order to overcome negative dynamics the price needs to fix below level of 15000. The level of volatility according to our estimates will be high, and the probability of further increase remains elevated.

Nearest resistance levels: 15400, 15850, 16300, 16800, 17250, 17500, 18000, 18600, 19000

Nearest support levels: 15000, 14000, 13600, 12500

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