We have come in a decisive point markets and these are decisive levels. Will a retracement of equity markets begin tomorrow or will it accelerate further to the upside? Tomorrow a monthly setup will expire and these dates are reached with probabilities close to 90%, with a minimum / maximum, absolute / relative.
At 5:53 pm on the trading day on November 16th we read the following prices:
Dax Future
16.246
Eurostoxx Future
4.397,5
Ftse Mib Future
27.675
S&P 500 Index
The annual forecast in recent months has gone against the grain 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 and then rise until Friday. For the moment, the scenario continues to be confirmed.
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
The minimum areas were touched between Monday and Tuesday and therefore from tomorrow we should proceed towards the maximum areas to be reached by Friday.
Will a retracement of equity markets begin tomorrow or will it accelerate further to the upside? Here are the operational levels to monitor
Dax Future
Bullish trend until we see a daily close below 16.111. Long-lasting downsides only with a weekly close of less than 15,715.
Eurostoxx Future
Bullish trend until there is a daily close below 4.370. 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 4,620. Long-lasting downsides only with a weekly close below 4,595.
Which trading position to keep?
That Long in progress since the opening of Tuesday 19 October.
What might Wednesday’s trading day look like?
It is difficult to define a reliable scenario.
–
