Yesterday at the U.S. stock market dominated by pessimistic sentiment among market participants. It looked worse than the market of paper commodity sector against the backdrop of growth in the dollar against the euro, which has a negative impact on the oil quotations. Also yesterday, was published index of business activity in the manufacturing sector, which in June fell to -9.41 from -4.55 in May.

Today, market participants pay attention to the publication of data on construction, as well as the index of production prices.

At the end of trading session, U.S. stock indices closed in the red /Dow Jones -2.12%, S P500 -2.37%, NASDAQ -2.28% /.

From the technical point of view, the Dow Jones index yesterday was able to confirm the formation a bird in the wire Bear absorption. In addition, the time schedule of the index managed to emerge from bottom-up flag with the lower boundary in the vicinity of 8700 points, due to the efforts of bears.

At day schedule index Dow Jones is still going through a bottom-up flag with the upper boundary in the vicinity of 9200 points, and lower in the region of 8550 points, which are selected and the bears.

In this formation we could see the formation of waves in the wave of e y, which will be 100% Fibonacci of the wavelength w with a view to 8900 points. Therefore, now all in the hands of bears that could emerge from this formation down.

In addition, the MACD indicator at the afternoon schedule double bear divergence. Indicator Stochastic's are on sale.

At the time schedule for the MACD indicator neutral situation. Indicator Stochastic's are in the market place.

So, today, next support level is 8550 points mark, a level of resistance to the bulls will mark 8850 and 9200 points.

From the technical point of view yesterday, the MICEX index opened slightly lower than the previous closing level, after which the bears immediately took the initiative in their hands and dragged the index to the new local minima.

In the second half of trading session, bulls have tried to stabilize the situation on the Russian stock market, but closer to the end of trading session, Medved caused repeated attack. The volume of trading session amounted to about 40 billion rubles, and were slightly lower than last Thursday.

Yesterday MICEX index went from a symmetrical triangle down, breaking the lower boundary formation in the region of 1115 points, followed by bears headed to the first fractals for sale at around 1098.57 points, confirming the truth of the output from the formation.

However, this level has not been able to resist the pressure of bears who went to the 2nd line in the area of 1082.07 points, which was also addressed closer to the evening, thus confirming the veracity of the output from the formation. Remember that the potential of the triangle-outset of 60-70 points.

In addition, the Bears broke the upward trend in the region of 1095 points, which will be the next resistance for the market participants. With regard to the level of support, they will be upward trend from February 24 in the region of 1045-1050 points.

Regarding the short-wave point of view, the MICEX index has formed a 5-wave in the first phase of decline, followed by rebound at 50% -61.8% of all Fibonacci from the fall in the range of 1155-1172 points in view of the triangle-outset, which was considered as a wave b.

Now, at best, we can see shaping wave in the 4th subvolne with the goals of 1057 and 1024 points, representing 76.4% -100% of the length of a wave. With respect to more local prospects, it is worth paying attention to the items 1068-1060-1038.

In the worst case, we see the 3-th wave in order to 932 points in the framework of the kuklovodskogo medium-term scenario.

In addition, the MACD indicator neutral bear the situation, and the indicator Stochastic's are in sales, but some zones pereprodannosti that today allows podskok.

Fibonacci time periods on a weekly schedule of fracture trends may be on this week, but it must be closed Bear absorption. Remember that in the afternoon schedule 1st fracture was 2 June.

closest daily fractal for sale is located at around 758.09 points, a full-time fractal for purchase is located at around 1226.61 points. Time is fractal for purchase at around 1168.07 and 1147.25 points, but on sale at around 1012.31 points.

Yesterday, we were advised not to take action, and the most risky market participants advised to trade in the 1100-1160 outset of items that had been broken down. Today, we advise to wait for the testing of these calculated points for speculative purchases on rebound 2% -3%.

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