Everything continues to proceed as per sample path and now the expectations are for a possible acceleration of the markets until Friday.
The markets continue to support the trend of the charts and the risk premium in favor and not to give importance to the background noises that occasionally disturb this situation of equilibrium.
For this reason we continue to reiterate that until bearish swings are formed, we have no reason to discuss any dangers that do not currently affect the fate of prices.
At 6:54 pm on the trading day on 10 August we read the following prices:
Dax Future
15.762
Eurostoxx Future
4.187
Ftse Mib Future
26.200
S&P 500 Index
The rise continues despite the annual forecast having entered a bearish phase
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 6 August.
Forecast for the week of August 9th
The weekly low is expected between Monday and Tuesday and then leaves room for a rise until Friday. The scenario continues to be confirmed even after today’s trading day.
Possible acceleration of the markets until Friday. The levels that will maintain the uptrend
What are the levels that will keep our view intact?
Dax Future
Bullish trend in progress. Short bearish reversal with daily close on August 11 below 15,541.
Eurostoxx Future
Bullish trend in progress. Short bearish reversal with daily close on August 11 below 4.132.
Ftse Mib Future
Bullish trend in progress. Short bearish reversal with daily close on August 11 below 25.915.
S&P 500 Index
Bullish trend in progress. Short bearish reversal with daily close on 11 August below 4.372.
Which trading to keep for Wednesday?
Maintain long multidays on the indexes analyzed.
As usual, we will proceed step by step.
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