In weekend we have given indications of waiting and to remain on the sidelines awaiting developments. The markets were neither Long nor Short, but between today and tomorrow, our operational ideas should become very clear. In fact, today’s day was interesting and what will happen tomorrow, either above today’s maximum or below the minimum, will unfold effects for some time, at least two / three weeks. Now the knots are about to come to a head and in the next paragraphs we are going to explain in a simple but exhaustive way, why tomorrow is decisive for the fate of the stock markets until mid-March.
At 19:50 on February 22 we read the following prices:
Dax Future
Eurostoxx Future
3.701
Ftse Mib Future
23.065
S&P 500 Index
3.898.
Our oscillators which continue to remain flat awaiting developments are however placed at the beginning of a directional phase. What does it mean? A close tomorrow above / below today’s high / low would start directionality even by several percentage points in a few weeks.
Bullish forecast for several weeks for the annual fractal
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 February 19th
We are at a significant turning point awaiting clarity.
Why is tomorrow decisive for the fate of the stock markets until mid-March? The operational levels to be monitored
Dax Future
Side bearish trend. New rises only with the daily close of 23 February above 14,020.
Eurostoxx Future
Side bearish trend. New rises only with the daily close of 23 February above 3.716.
Ftse Mib Future
Side bearish trend. New hikes only with the daily close of 23 February above 23,180.
S&P 500 Index
Side bearish trend. New rises only with the daily close of 23 February above 3,931.
Our attention will not be focused on what will happen tomorrow in intraday but on the closing prices of the trading day. Except that tomorrow will be interlocutory, new operations are expected on the markets with a view to several days from Wednesday morning opening.
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