Strong rise in equity markets on setup day. New false signal?
The fluctuations and even strong ones are now on the agenda and sometimes for no particular reason. It rises and falls without particular economic data and without significant reasons from a macro and microeconomic point of view.
How to interpret today’s signal? What will follow from this strong rise? Today’s move must be validated by a further rise tomorrow otherwise the risk of further falls is always around the corner.
How did they close the trading day and what happened during the week?
Dax Future
Eurostoxx Future
3.216
Ftse Mib Future
19.103
S&P 500
3.351,6
Is it time to return buyers?
The cyclicality should be on the downside for another couple of weeks
In blue the chart of the world stock exchanges until the close of 18 September.
Our annual forecast for 2020 is in red
The annual forecast estimates further reductions.
Strong rise in equity markets on setup day. These are the levels to monitor
Dax Future
The bearish phase in progress for a few weeks ends only with a weekly close on 2 October above 13,136.5. Rebound in progress with new declines only with daily closing on 29 September below 12,543.
Eurostoxx Future
The bearish phase in progress for a few weeks ends only with a weekly close on 2 October above 3.174. Rebound in progress with new falls only with daily closing on 29 September below 3.153.
Ftse Mib Future
The bearish phase that has been going on for a few weeks ends only with a weekly close on 2 October above 19.375. Rebound in progress with new falls only with daily closing on 29 September below 18,830.
S&P 500
The bearish phase in progress for a few weeks ends only with a weekly close on 2 October above 3.323. Rebound in progress with new falls only with daily closing on 29 September below 3.332.
A bullish directional phase may have begun and the downside of recent weeks may have come to an end. Tomorrow will give the necessary confirmations or denials.
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