Yesterday the U.S. stock market dominated by pessimism among market participants.

It was published index of business activity in the manufacturing industry of Chicago, who in August was 50 points against the forecast of 48 items. Today, market participants should pay attention to this building.

At the end of the trading session U.S. stock indices closed in the red /Dow Jones -0.5%, S P500 -0.8%, NASDAQ -0.97% /.

From a technical point of view, yesterday the Dow Jones opened with gepom down, after which the bulls tried to close the morning gap , thereby removing the hourly oversold index. In addition, the Bears have formed a fractal time for sale at the mark of 9436.13 points.

Yesterday, we noted that the Dow Jones could form a formation of Bird on a Wire and that bears bad closed last week, so this week should generate a bearish absorption with what they have to cope.

resistance level is the upper limit of the outgoing formation in the 9610 points.

So, on the hourly chart on the indicator MACD bear the situation, and the indicator Stochastic's in the purchase, but in the overbought zone.

On the daily chart optimists can still count on the continuation of the jump, after the Dow Jones corrected the growth of 8 July only to 9120 items, representing 23.6% of Fibonacci. All goals rebound 9637-9796-9945-9955-10159 points.

on the daily chart on the indicator MACD bearish divergence. Indicator Stochastic's are on sale.

From a technical point of view, yesterday, the MICEX index opened below the previous closing level, after which bears the formation of low-intensity decrease in small volumes.

In the second half of the trading session the situation on the equity market does not fundamentally changed, and after opening the American market bears tried to drag the index lower. The volume of the trading session totaled about 34 billion rubles.

Yesterday, the MICEX index went to the first uptrend in the region of 1092 points, which was overcome after the opening of the American market, albeit in very low volumes. In addition, the MICEX index almost reached the local current range of 1080-1085 points, to which bears not enough 1 point.

also worth noting that yesterday was the closing trade of the month, but bears and bulls have equal chances. At the same time the last week has been closed Dodge, so this week should be confirmed due to bear absorption with what has to cope and bears.

remind you that on Friday the MICEX index falling corrected on August 25 at 61.8-76.4% on the Fibonacci series, so this week allowed the formation of downward momentum, the goal of 1,022 points, but after overcoming a fractal on sale at the mark of 1075.43 points.

From the classical point of view of the level of support will be an uptrend in the region of 1061 points, and resistance trends in the region of 1096-1097 and 1114 points.

also worth noting that the MACD indicator light bullish divergence. In addition, the indicator Stochastic's are on sale.

With the short-wave point of view, last week, the MICEX index continued formation of a large corrective rebound with the objectives 1040-1085-1140 points, which is 50% -61.8% -76.4% of all Fibonacci from the fall on June 2.

So MICEX Index began to form a wave with a view of the double zigzag abc. Last Tuesday, the MICEX index formed a jump to 1135 points, which most likely was completed, so finally can begin a new stage of decline to 500-550 points. The final mid-term break after 970 points, long after the 882 points. More local layout above.

As optimists, they will see the formation of the 5th to subvolny 1230-1330-1402 items, but for this MICEX index should not take 970 points, as well as to overcome the 1,182 points. In this wave, they see the formation of the 3rd wave of small to 1210-1250 points.

Nearest daily fractal for sale is located on a mark of 852.03 points, while the daily fractal purchase is located on a mark of 1130.51 points. Local fractal purchase is a mark of 1147.28 and 1135.84 points, but on sale at elevations 1075.43 and 1013.79 points.

Yesterday we were advised to open short positions, the stop is placed in the vicinity of 1147 points, the minimum goal of 1080-1085 points. The purchase was possible from the trend, but it has shifted from 1087 points to 1092 points during the session and at the same time had passed bears. Today, we recommend to close short positions. Then look for the fractal for sale, then a rising trend in the region of 1062 points.

MICEX - the time slice 60 minutes

index Dow Jones - a temporary cut of the day

During today's trading sideways movement in the wide corridor of 1020-1130 points on the MICEX index continues
Following Monday the value of the MICEX Index reached 1091.98 points, which is 1.74% below the previous day's close
Start trading on domestic exchanges will be held near yesterday's closing levels
Makrostatistika starting at today in the euro area, UK and USA, is able to influence the bidding, especially if investors in September with the advent of truly activated
Today is expected to block a macroeconomic statistics from the West, which will determine the outcome of trading on domestic platforms
External background before the opening of Russia's market is moderately positive: America is closed reduction, Asia traded with increased
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