New reversal on international stock markets that reverse the daily upward trend.
What seemed like the start of a strong decline, today it is strongly denied. What to wait from now on? Yet another false signal and the prices move like a pendulum that alternates every day rises and then falls and then rises. After the strong explosion of momentum today, to respect the script of the last few weeks, will we go back to the downside from tomorrow? We do not believe, because something is changing and some oscillators that had flattened out are starting to show that prices are going to rise. For this reason and to confirm this hypothesis tomorrow is important and decisive.
At 8:24 pm on March 1st we read the following prices:
Dax Future
Eurostoxx Future
3.711
Ftse Mib Future
23.270
S&P 500 Index
3.906.
If prices close today’s trading day at these levels, the very short signal turns bullish.
The annual forecast fractal projects hikes until March 8 and then the last week of March
In red our annual forecast on the global weekly stock index for 2021.
In blue the chart of the American markets up to February 26th
After these constant false signals, will the annual forecast be respected? Better to proceed step by step and follow the dynamics that will occur between tomorrow and Wednesday.
New reversal on international stock markets that reverse the daily upward trend
Below are the operating levels to define the current trend, the reversal points and the support and resistance levels.
Dax Future
Bullish trend. New very short declines only with the daily close of 2 March below 13,807. Lasting bullish reversal with only a week close of March 5th above 14,069.
Eurostoxx Future
Bullish trend. New very short drops only with the daily close of March 2 below 3,650. Only lasting bullish reversal with a week close of March 5th above 3.727.
Ftse Mib Future
Bullish trend. New very short reductions only with the daily closing on March 2 below 23,000.
S&P 500 Index
Bullish trend. New very short declines only with the daily close of March 2 below 3,841. Lasting bullish reversal with only a week close of March 5th above 3,929.
In addition to intraday trading operations, which operations do we recommend?
Flat multidays su Dax, Eurostoxx ed S&P 500. Per il Ftse Mib Future, Long in ottica multidays.
As usual, we will proceed step by step.
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