Correction on Russian sites vydohnetsya early next week

Sample index MICEX March ascending trend was accompanied by increased turnover (68 billion.). This is a clear signal generated shortages of money, because the resources of some speculators apparently not enough to support the market at the levels achieved. In addition, a measure of increased risk, which is also evidenced by rising VIX volatility index on the US-market stocks, which broke the downward trend.

As at today's opening, many technical indicators on the MICEX index also came to their fundamental levels. Indicator of total cash flow has reached the lower limit of the channel growth, originating in March this year, ie the moment when the long money started to return to the market. Breakdown of the border would mean deepening the process of withdrawal of money from the market - to fix the profit could become members, selling to medium-term horizons. In this case, the MICEX index may go to levels below the medium price of the book IAD-60 (p. 1032).

Next. LED net weekly amount of open positions in the case of today's closure will be in the negative zone of negative values, that would mean turning the short-term speculators in the game long, the game of sales.

In this regard, we believe that a minimum program of correction performed. MICEX index closed the gap on 27 May. Portfolio almost weekly speculators unloaded. The idea begs the rebound in March пробитому trend (-1070) are. Therefore, today's trade can be very volatile.

According to our estimates, a correction vydohnetsya early next week, ie the day before the Fed meeting. The emergence of the market pool of uncommitted shorts creates a potential basis for a sharp rebound. Hunting for shortistov may be the final chord of ending the rally. In the case of the situation in this scenario, the outcome will be waiting at the end of the first decade of July.

In the positive zone remain some oil shares, supported by still high oil prices
Strongly prosest Russian market not established the price of oil close to $ 70 a barrel
The situation on the foreign sites remains relatively stable
Today on the Russian stock market is expected small increase in the main indices
It is possible that during the session, the MICEX and RTS indexes fell below 1000 points
Today at the Russian sites is expected to continue the negative dynamics of
Another aim of the MICEX indexwill mark 1000 points
Shares IDC Volga now overvalued relative to the analogs
Today on the Russian stock market is expected to multidirectional changes in quotations of securities

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