Everything continues to proceed as per our forecast. Let’s recap: the lows of October are cyclically linked to the Christmas rally and a further rise until April 30, before the sell in may and therefore a decline that could last until October.
The first phase, of 10/15%, lasts until mid-December / Christmas week. The second, 20/25% from the lows of October, until 30 April, the first ten days of May.
At 4:50 pm on the trading day on November 15th we read the following prices:
Dax Future
16.119
Eurostoxx Future
4.371
Ftse Mib Future
27.665
S&P 500 Index
For several weeks the annual forecast diverged with the trend of the charts
In red, our annual forecast for the world stock index on a weekly scale for 2021.
In blue the chart of the American markets up to 12 November.
What are our expectations for the week of November 15th?
Low between Monday and Tuesday (probably the weekly low will be marked on Monday) and then rise until Friday. At the moment this sample path is confirmed and therefore our view is that the markets are ready for a new bullish spurt.
Price projections and areas of minimum / maximum expected for the week of November 15th
Dax Future
15.890/16.015
16.359/16.558
Eurostoxx Future
4.330/4.366
4.418/4.464
Ftse Mib Future
26.275/26.500
28.150/27.390
S&P 500 Index
4.655/4.689
4.767/4.908
Today the minimum areas were touched and therefore from tomorrow we should proceed towards the maximum areas to be reached by Friday.
The markets are poised for a new bullish spurt
Below is the price map to keep the pulse of the situation.
Dax Future
Bullish trend until we see a daily close below 16.063. Long-lasting downsides only with a weekly close of less than 15,715.
Eurostoxx Future
Bullish trend until there is a daily close below 4.345. Long lasting drops only with a weekly close below 4,252.
Ftse Mib Future
Bullish trend until we see a daily close below 27.535. Long-lasting downsides only with a weekly close of less than 26,995.
S&P 500 Index
Bullish trend until we see a daily close below 4,650. Long-lasting downsides only with a weekly close below 4,595.
In light of the data just highlighted, what better operation recommended by our Trading Systems?
Continue to keep Long operations open on Tuesday 19 October at the opening prices of the lists analyzed.
What might Tuesday’s trading day look like?
Lateral phase for a few hours and then acceleration and closing on the highs.
–
