Wall Street closed for holidays and others stock indices as expected and in the majority of similar cases, with few volumes they lead upwards. All postponed to the next few days even if from tomorrow we await bullish directionality for the international stock markets. This is in accordance with our statistics and forecasts for the current year.
Let’s proceed step by step.
At 7:31 pm closing of the trading day on July 5th we read the following prices:
Dax Future
15.644
Eurostoxx Future
4.075
Ftse Mib Future
25.335
S&P 500 Index
4.352,33 at the close of July 2nd
The rise should continue at least until the first ten days of August
In red our annual forecast on the global weekly stock index for 2021.
In blue the chart of the American markets up to 2 July.
Expected scenario and forecast for the week of July 5th
The weekly minimum should be formed between Monday and Tuesday and the maximum on Friday. Tomorrow it is important to understand if the week will take the direction we await.
From tomorrow we await bullish directionality for the international equity markets
Dax Future
Bearish trend in progress. Short bullish reversal with daily close on 6 July above 15,738.
Eurostoxx Future
Bearish trend in progress. Short bullish reversal with daily close on July 6th above 4.102.
Ftse Mib Future
Bearish trend in progress. Short bullish reversal with daily close on 6 July above 25,295.
S&P 500 Index
Bullish trend in progress. Short bearish reversal with daily close on July 6th below 4.326.
What trading operations to keep for Tuesday?
The technical picture continues to remain unchanged and above all indecisive. For this reason, also for tomorrow we continue to recommend to operate only in intraday and in a multidays long perspective only on Wall Street and therefore on the sidelines for the other indices analyzed.
As usual, we will proceed step by step.
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