30.06.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 showed strong growth during which was able to reach the resistance at 2080 after which started a downward correction, which may continue until 2040 and 2020. Overcoming the level of 2080 will be the basis for further growth to 2100 and 2120. According to our estimates, in the near future, the price drop will resume and we keep a negative outlook.

Nearest resistance levels: 2080, 2100, 2120, 2135

Nearest support levels: 2040, 2020, 2000, 1980, 1950, 1910, 1860, 1820, 1800

The price of the futures on the German stock index DAX30 has grown to 9600 and is consolidated around this mark. In case of continued growth, the closest targets will be 9800 and 10150. According to our forecasts, the probability of falling of quotations in the near future remains high, and after reaching the support at 9300, the price may keep falling until 9000 and 8750. Our medium-term outlook is negative.

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 showed growth during which has reached the inclined line resistance, and the level of 15850. As a result, the quotes were not able continue its growth and began to correct downwards. In the near future, quotations may fall to 15400 and 15000. The signal to buy in case of resumption of growth will be the price fixing above the level of 15850. Our forecast for the near future remains negative.

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

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

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