28.09.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 after the recent correction to the inclined support line, resumed growth and in the nearest future may continue positive dynamics to all-time highs around 2195. Overcoming the level of 2200 will be the basis for further price increase to 2250. According to our estimates, the price decline will be more likely in the near future and in this case, the first targets will be 2120 and 2040. Our medium-term outlook remains negative.

Nearest resistance levels: 2170, 2195, 2200, 2250, 2300

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

The price of the futures on the German stock index DAX30 rebounded from the support level at 10300 and may soon reach the resistance at 10500, after which closest target will be 10800. A signal to sell will be fixing of price below 10300. Our medium-term outlook remains negative with the objectives at 9800 and 9300 the growth potential in the near future is low.

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 continued to show an increased level of volatility. In case of continued growth and overcoming the level of 16550, we expect a further increase of price with the objectives at 16800 and 17250. Fixing of price below 16300 will be a signal for the continuation of the negative dynamics of price to 15850, and 15400. We forecast a drop in the medium term, but do not exclude the growth soon.

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

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

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