Interlocutory day on the orphan markets of Wall Street but from tomorrow we should start strong on the upside. We believe that the today’s minimums it is unlikely that they will be retouched tomorrow and the American stock market should start already upwards from the first hours of trading.
The bullish signal of recent days, after weeks of continuous ups and downs and false signals, should lead to an acceleration starting tomorrow. An increase should be underway which should last until 22 June and then until the first ten days of August.
We do not deny the hypothesis that from now to August, the rise could be as much as 10/15% from current levels.
Let’s proceed step by step.
At 9:14 pm on the trading day on May 31st we read the following prices:
Dax Future
15.430
Eurostoxx Future
4.038
Ftse Mib Future
25.175
S&P 500 Index
4.204,12 (closing on May 28th)
The annual rise should last 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 28 May.
The next setup dates will expire on June 22, October 5 and then December 8.
What are we waiting for for the current week?
Weekly minimum on Monday and maximum on Friday.
Interlocutory day on the orphan markets of Wall Street but from tomorrow we should start strong on the upside
Below is the price map with which to identify the current trend and levels to keep the pulse of the situation and bring events in your favor:
Dax Future
Bullish trend. Short bearish reversal with daily close on June 1st below 15,345.
Eurostoxx Future
Bullish trend. Short bearish reversal with daily close on June 1st below 4.016.
Ftse Mib Future
Bullish trend. Short bearish reversal with daily close on June 1st below 24.665.
S&P 500 Index
Bullish trend. Short bearish reversal with daily close on June 1st below 4.150.
What trading operations to keep for tomorrow?
Long from an intraday point of view and keep Long from a multidays point of view.
We will proceed step by step.
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