The sample path we are following on our pages is the following: “If it is not a false signal, from now on the stock markets will drop by at least 10%“. What happened today?
As per the weekly forecast, we were expecting a rebound day, and this movement could continue even into the early trading hours of tomorrow.
What should we monitor? Whether or not this movement will lead to a self-modification of the scenario. For the moment, the downturn in the markets is confirmed, but we expect new ones starting tomorrow.
Basically tomorrow will be decisive for confirmations or denials.
At 3:50 pm on the trading day on 13 September we read the following prices:
Dax Future
15.740
Eurostoxx Future
4.196,5
Ftse Mib Future
25.930
S&P 500 Index
The annual forecast projects declines for a few months
In red, our annual forecast on the world stock index on a weekly scale for 2021.
In blue the chart of the American markets up to 10 September.
These are the decisive moments to define the trend of the next 30 days at least.
Forecast for the week of September 13
The formation of the weekly high is expected within the first trading hours on Tuesday, to then see prices fall until Friday. The likelihood was very high that the weekly high could form on Monday.
For the moment, the downturn in the markets is confirmed, but we expect new ones starting tomorrow
Here are the levels to monitor for the day of September 14:
Dax Future
Bearish trend in progress. Short bullish reversal with daily close on September 14 above 15,787.
Eurostoxx Future
Bearish trend in progress. Short bullish reversal with daily close on September 14 above 4,211.
Ftse Mib Future
Bearish trend in progress. Short bullish reversal with daily close on September 14 above 26.015.
S&P 500 Index
Bearish trend in progress. Short bullish reversal with daily close on September 14 above 4.521.
What trading operations to keep for Tuesday?
Keep Short trades open today on a multi-weekly basis.
We will proceed step by step.
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