After the first trading day of the week, as expected, the rise in equity markets is confirmed and now they are also ready to accelerate. The next setup will expire on 5 October and a priori some of our forecasting techniques, do not discard the hypothesis of a bullish directional phase of 7/10% if not later, until that date.
We will proceed step by step as usual.
At 8:42 pm on the trading day on July 26, we read the following prices:
Dax Future
15.610
Eurostoxx Future
4.098
Ftse Mib Future
25.290
S&P 500 Index
The rally continues and now October could be the month of the annual high?
In red our annual forecast on the global weekly stock index for 2021.
In blue the chart of the American markets up to 23 July.
Appointment now at the end of the month to define how the scenario could have changed until the end of the year.
Forecast for the week of July 26th
Weekly minimum expected between Monday and Tuesday and maximum on Friday. To date, the scenario is confirmed and the probability that the weekly low has already been marked are very high (around 80%).
The rise in equity markets is confirmed and now they are also ready to accelerate
Here’s how to regulate ourselves and how to keep the pulse of the situation for tomorrow’s trading day:
Dax Future
Bullish trend in progress. Short bearish reversal with daily close on July 27 below 15,425.
Eurostoxx Future
Bullish trend in progress. Short bearish reversal with daily close on July 27 below 4.029.
Ftse Mib Future
Bullish trend in progress. Short bearish reversal with daily close on July 27 below 24.930.
S&P 500 Index
Bullish trend in progress. Short bearish reversal with daily close on July 27 below 4.331.
What trading operations to keep for Tuesday?
Maintain long multidays on the indexes analyzed.
As usual, we will proceed step by step.
–
