The rally in the markets strengthens and there are extremes for further stretches. We do not see any particular dangers at the moment but it is better to proceed with caution as certain levels have not been exceeded which could avert the dangers of further reductions.
At 6:17 pm on the 27 September trading day, we read the following prices:
Dax Future
15.566
Eurostoxx Future
4.146
Ftse Mib Future
25.835
S&P 500 Index
Our annual forecast projects declines for several months
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 24 September.
At the moment this bearish forecast is being disavowed by the medium to long term trend which remains upwards.
What are our predictions for the current week?
There are no extremes to carry out a projection of prices in a reliable way and with high probability in favor and for this reason, for the current week we will proceed day by day.
The rise in the markets strengthens. Here are the levels to monitor
Dax Future
Bullish trend until we see a daily close below 15,473. Lasting increases only following a daily close above 15,749, a signal that will then have to be confirmed at the close of the trading day of 1 October.
Eurostoxx Future
Bullish trend until we see a daily close below 4.128.5. Lasting rises only following a daily close above 4,201, a signal that will then have to be confirmed at the close of the trading day of 1 October.
Ftse Mib Future
Bullish trend until we see a daily close below 25.705. Lasting rises only following a daily close above 25,825, a signal that will then have to be confirmed at the close of the trading day of 1 October.
S&P 500 Index
Bullish trend until we see a daily close below 4,406. Lasting rises only following a daily close above 4,466, a signal that will then have to be confirmed at the close of the trading day of 1 October.
What trading operations to keep for Tuesday?
From a multidays perspective, we continue to maintain a cautious approach. Continue to trade on an intraday basis only.
We will proceed step by step.
–
