Today, we look forward to the opening of trading below the previous closing levels on the equity market.

On Friday, the U.S. stock market dominated by pessimism among market participants on the background of the publication of financial results of a number of companies. This loss Bank of America in the 3 rd quarter amounted to 0.26 per share, against the forecast 0.12 per share.

also been published net capital inflows, which in August amounted to $ 10.2 billion from - $ 107.7 billion a month earlier. Index of the University of Michigan consumer sentiment in October was 69.4 against the forecast of 73.0 and 73.5 in September

At the end of the trading session U.S. stock indices closed in the red /Dow Jones -0.66%, S P500 -0.81%, NASDAQ -0.76% /.

From a technical point of view, on Friday the Dow Jones opened with gepom down, breaking the lower limit of the diagonal triangle, after which the bulls during the session, a testimonial for this border from the bottom up, adjusted decline of 15 October to 61.8% by Fibonacci, which allows the resumption of decline.

On the daily chart the Dow Jones pushed from the top of the flag /divergent triangle formed where the wave is,

At the same time, an hourly chart of the MACD indicator is still triple bear divergence, and the indicator Stochastic's in buying.

On the daily chart the Dow Jones index continues to move at once in 3 classic formations, such as divergent triangle, a wedge, and the local rising flag, whose upper limits tend to 10090-10200 points.

remind that the Dow Jones index moves in the bottomof the flag abcde, as described above is now being formed with the objectives of e-wave 9922-9945 points, then 9955-9963-10070-10118-10159 points.

On the daily chart of the MACD indicator double bear divergence. Indicator Stochastic's located in the purchase, but in the overbought zone.

C wave of the global point of view, the Dow Jones is still at a formative stage of the global wave, which corrects all fall to 38.2% -50% of Fibonacci to 9440-10400 counts.

So temporary factors rebound American indexes should be about 6-7 months after 1.5-year-old decline. Now is the 8th month.

Also do not forget that January 2009 was closed in the red, which is a leading indicator for investors in the U.S. and said that the year may be closed in the red.

So, the Dow Jones on June 11 formed the first stage of the rebound in subvolny well. In the future, was the formation of wave b, which consisted of zigzag abc, where it was too short and has only reached the levels range between 23.6% -38.2% by Fibonacci.

Now we can see the final run up to 9400-9500-9637-9950 items in a wave with a big wave V.

Once complete the formation of a global wave of B, then begin building a global wave of up to 2012 to 2550-3500 points.

From a technical point of view, on Friday the MICEX index opened slightly higher than previous levels, after which the bulls for 2 hours trying to organize a rebound.

In the second half of the trading session, the initiative passed to the bears who successfully graded full height, and closed the trading session in the negative region. The volume of the trading session totaled about 77 billion rubles.

So, last week, the MICEX index reached our local Design Range 1371-1382 points, calculated on the basis of the 15-minute chart. As a result, in the range of Bears have had a serious resistance bulls, closing the week of a candle tombstone.

However, this week the pessimists need to confirm its bearish absorption. In addition, it is worth noting that the volumes last week were comparable to the maximum of a week on June 2. And once again note that last week's MICEX index 9 formed a row of maxima in the formation of 8.11 new highs.

As more local perspectives, then on Friday we noted that the MICEX index to go to the line of 1365 points, representing 61.8% of Fibonacci from falling. As you can see, this line stood firm, and then the Bears' renewed decline and had headed to the important bulls in the turn of 1310.09 points, at least within the next zigzag abc, where the line items in 1315 amounted to 100% of the length of the Fibonacci decline on October 15.

Fixing below this milestone may be responsible for the change of the local upward trend, and at this level is the point, confirming the truth out of the uptrend. As soon as the Bears will be 1310.09 points, the Bears will reinforce the downward movement of 1264-1270 points.

At the same time the indicator Stochastic's is in oversold zone, which now permits the next day's jump to 1340-1347 items. On the MACD indicator is realized bear divergence.

Today closest resistance level is 1347 and 1365 points. Level of support will be standard in the region of 1310 points, then 1264 points.

In the short-wave point of view, the optimists believe that now, while still being formed 5th subvolny or z-wave in the triple zigzag, which is now the next goal in 1322 and 1405 points. Not true following the 1264 points.

remind that on the daily chart the current upward movement is likely, as the index Dow Jones, develops triples in the triple zigzag.

So the movement from 852 to 1130 points is considered as a wave in a wave of z. Then followed the rollback of 38.2% of Fibonacci on the wavelength and in the formation of wave b in the wave of z.

We can still go with the formation of a wave to 1297 points, representing 100% Fibonacci of the wavelength and. Nevertheless, with more local scenario, now is the formation of the 5th wave, where the goal was 1,371 points, representing 100% of Fibonacci. Objectives 5th subvolny 5th wave 1371-1382-1393-1405-1427 items

Indicator Stochastic's on the daily chart is on sale and in overbought zone. On the MACD indicator is flat bear divergence.

Nearest daily fractal for sale is a mark of 852.03 points, while the daily fractal purchase is located at around 1381 points. Local fractal purchase is a mark of 1382.75 points, but on sale at the mark of 1310.09 points.

With long-wave point of view of the MICEX index in October to continue building a global wave of B, where the comfortable range of 1055-1230 points were rebound, which is 38.2% -50% of all Fibonacci from falling.

Development rebound transformed from a double at the triple zigzag, where the next goal could already make a mark 1402-1405 points, representing 61.8% of all Fibonacci from falling.

Once complete the formation of the rebound will begin building a global wave with a 50-150-250 items given a panic, and the levels can be achieved by the end of the year - mid-2010 that will be accompanied by the devaluation of the ruble to 40-60 rubles for 1 dollar, falling oil for 15-20 dollars, the Dow Jones index to 2500-3500 items.

The second scenario is developing in a similar picture, with the exception of internal layout, which now is the formation of a wave with a big wave in the framework of a simple zigzag abc.

In the wave of bulls have formed a wedge because the 1st subvolny in a corrective wave, and then the 2nd subvolnu, reaching 545 points, representing 76.4% of the length of the Fibonacci 1st subvolny.

June 2 MICEX index set a new high, and completed the formation of the 3rd subvolny. July 13 complete the formation of the 4th subvolnu, which reached 1070-963-882 points, representing 23.6% -38.2% -50% of the length of the Fibonacci 3rd subvolny. Now is the formation of the 5th subvolny. After its formation, the implementation returns pessimistic scenario.

On Friday, we advised to observe the market from the sidelines. Today, those who opened a short level in 61.8% of Fibonacci, advise him to cover. We scan overseas 1310.09, then 1289 points, if they succumb, the speculative buying, then on the situation. If the index below to gain a foothold, then rediscovered shorts have to 1264-1270 points, an intermediate level of 1289-1290 points, do not forget about the foot.

The growth of quotations on oil for the next annual maximum support quotes Russian securities
Following Friday the value of the MICEX Index reached 1317.07 points, which is 1.83% below the previous day's close
Today is not ruled out an attempt to rebound in the shares of banking and oil and gas sector
External background moderately negative for the market of Russia, America closed lower, Asia traded mostly down
Raised oil prices could provide support not only the papers of oil and gas companies, but also the market as a whole
Last Friday, the euro /dollar at the U.S. session has stabilized around the level of 1.4900
At the end of the trading session U.S. stock indices closed in the red /Dow Jones -0.66%, S P500 -0.81%, NASDAQ -0.76% /
Publication of quarterly reports will be a test for the rally in U.S.
Kommersant: Hryvnia used its lack