29.09.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 showed an increase during which reached the level of 2170. In case of further increase of price, quotations reached a historic high near 2195. The signal to sell when changing the positive trend to negative, will be fixing the price below the level of 2150. Our medium-term outlook remains negative and the current growth potential is low.

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 continued to rise after failed to overcome the support level at 10300 and has resumed a positive dynamics. Within the current impulse the growth may continue until 10800, but overcoming this resistance will be unlikely. We expect a decline in the medium term, and a signal to sell with the objectives at 9800 and 9300 will be overcoming support at 10300.

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 continued the growth within the range 16300-16800. Fixing of price outside this corridor will cause continued growth with the objectives at 17250-17500. A signal to sell may be the price fixing below 16300. Our medium-term outlook remains negative, but the current consolidation 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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