Russia stock market during trading on Tuesday continued to bargain in an uptrend: following day the RTS index rose by 3.9%, MICEX has appreciated by 3.4%.

Among the favorites of the day I note the leader of past sessions Savings: Tuesday's papers went up by 5.6%, preferred stock was added to the price at 13.2%. It is worth noting that the rally in shares of companies that we have seen over the past few days, which explains the large-scale purchases against the backdrop of rumors about the new program release GDR, soon must come to an end, so as to continue growing need for technical correction. However, currently only Sberbank suited to half of its pre-crisis prices, while the rest are solid stock, for example, Gazprom - has long reached #189; previous value.

of the leaders of the growthof the previous session, among the blue chips have drawn attention to the oil industry itself shares amid growing black gold: Lukoil (3.04%), Rosneft (3.4%), Surgutneftegaz (4.4%).

important data emerging today, I note the publication of Beige Book in the United States, but the data will come after the closing of our sites (22:00 Moscow time).

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Yesterday the U.S. stock market dominated by the optimistic mood among market participants after the holiday Labor Day.

It looked better than the market of paper commodity on the background of rising oil prices and metals, which in turn was associated with the growth of the euro against the dollar.

Today, market participants should pay attention to the publication of data on the beige book.

At the end of the trading session U.S. stock indices closed in positive territory /Dow Jones 0.59%, S P500 0.88%, NASDAQ 0.94% /.

From a technical standpoint, yesterday the Dow Jones index continued to rebound the formation of correct reduction of 28 August is at 61.8% of Fibonacci in the 9490 points, just above that and closed code.

At the same time, now an hourly chart of the MACD indicator starts forming bear divergence, and the indicator Stochastic's in the purchase, but in the overbought zone.

So, while locally still not be ruled out that there was a correction of growth of 18 August, and now will be final run to the below mentioned objectives. If the Dow Jones only corrects the fall, it will not go above 9500 points.

resistance level is the upper limit of the outgoing formation in the 9700 points.

On the daily chart of the MACD indicator has a double bear divergence. Indicator Stochastic's is buying, and in doing so is already unlocked all oversold.

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.

From a technical standpoint, yesterday opened the MICEX index closed above the previous levels, after which the bulls continued their upward movement initially forming at the expense of Sberbank, and later on oil and gas sector.

In the second half of the trading session the situation on the equity market does not fundamentally changed, but the late afternoon bulls again stepped upward movement by repeating the dynamics of Tuesday. The volume of the trading session totaled about 83 billion rubles.

Yesterday, the MICEX index consistently overcame all resistance levels in its path. It should be noted that the MICEX index has formed three consecutive outstanding bull gap.

So, yesterday, the bulls were first fractal purchase at around 1112.36 points, then a level of 1,120 points, after which the bulls went to the upper boundary of the horizontal triangle around 1130-1135 points. Nevertheless, the Bears' failed to hold her back, after which the MICEX index had reached the next goal in the 1140 points, representing 76.4% of Fibonacci, thus, at least, to continue building a great rebound.

At the same time the optimists will now be configured to implement the height of the triangle, and the height of formation of inverted head and shoulders with the last volume of output were increased.

As for the bears, then on their side plays only overbought index at all time frames, as well as the divergence of the MACD indicator on the daily and weekly chart. Furthermore, now the immediate resistance levels again become a mark already forgotten 1165 and 1182 points, then double top.

From the classical point of view, the level of support will be an uptrend in the region of 1095 points and 1130-1135 points.

also worth noting that the indicator MACD bull situation. In addition, the indicator Stochastic's are on sale in the overbought zone.

With the short-wave point of view, the MICEX index continued to generate a larger corrective rebound with the objectives 1040-1085-1140 items, representing 50% -61.8% -76.4% of all Fibonacci from the fall on June 2. Once this bounce is completed, it can begin a new stage of decline the index, but until the bend was againon the side of the optimists.

remind that the final medium change after the 970 points, long after the 882 points, to strain after 1013 points, to think after 1075 points. All above, all in favor of the bulls.

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 1168.07 points, but on sale at elevations 1075.43 and 1077.2 points.

Yesterday we were advised to hold short positions, but also triggered a stop on a mark of 1112.36 points. Those who did not have short positions, we are advised to trade within the horizontal triangle. Today, we advise not to take active steps forward or retesta boundary of the triangle, or the overcoming of fractal purchase for a decision.

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