After expiration of the monthly setup of November 30th we are now waiting for the annual one of December 8th. What will happen? As usual, we will wait for the events and follow them. Equity markets continue to rebound today but it is still too early for buyers to return.
Let’s proceed step by step.
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At 6.05 pm on 6 December we read the following prices:
Dax Future
15.374
Eurostoxx Future
4.133
Ftse Mib Future
26.450
S&P 500 Index
Our annual forecast
In red, our annual forecast for the world stock index on a weekly scale for 2021.
In blue the chart of the American markets up to 3 December.
What are the areas of the minimum / maximum expected for the current week?
Dax Future
minimum area 14,598 / 14,400
area of maximum 15,200 / 15,000
Eurostoxx Future
minimum area 3,901 / 3,863
area of maximum 4,090 / 4,043
Ftse Mib Future
minimum area 25,205 / 24,755
area of maximum 26.305 / 25.645
S&P 500 Index
minimum area 4.442 / 4.399
area of maximum 4,621 / 4,556
This is the forecast for the current week
Initial rebound with maximum between Monday and Tuesday and then new decline until Friday. Much importance will be given to what happens on Wednesday. For the moment today the day went as expected.
Equity markets continue to rebound but it is still too early for buyers to return
Below are the levels to be monitored to define the next market movement:
Dax Future
Bearish trend until we see a daily close above 15,433. Lasting highs only with a weekly close above 15,509.
Eurostoxx Future
Bearish trend until there is a daily close above 4.154. Lasting highs only with a weekly close above 4,187.
Ftse Mib Future
Bearish trend until we see a daily close above 26.540. Lasting highs only with a weekly close above 27,435.
S&P 500 Index
Bearish trend until we see a daily close above 4,609. Lasting highs only with a weekly close above 4,673.
Trading position in progress:
Short from the opening prices on November 29th. For the moment, despite the ongoing rebound, the graphic situation of the markets has not yet changed
What Tuesday’s trading day might look like
Difficult to make a reliable forecast.
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