Another bullish sign for the equity markets which could now rise by 5% in the short term

It forms a Hindenburg omen and now this will hang for the next 4 months like a sword of Damocles on the fate of the quotations. Will this pattern confirm our forecasts that Wall Street start falling from the beginning of August for at least 12 months? We’ll see. For now, we are signaling a further bullish sign for equity markets which may now rise by 5% in the near term.

Yesterday, our first expiration day setup market, after several false signals in recent weeks, the markets seem to have embarked on the upward path. How far could this movement continue? At least, between physiological ups and downs, until the next setup on April 16th. As usual we will proceed step by step but at the moment this is the scenario we give the most probability and we will continue to follow it until a bearish reversal forms.

At 6:49 pm on 9 March we read the following prices:

Dax Future

14.463

Eurostoxx Future

3.792

Ftse Mib Future

23.860

S&P 500 Index

3.894.

As predicted yesterday, the buying race continued today and the pattern that formed yesterday continues to prove to be a signal of an explosion of momentum preparatory to a bullish directional phase.

The ongoing rally is in line with our annual forecast

In red our annual forecast on the global weekly stock index for 2021.

In blue the chart of the American markets up to 5 March

The annual fractal in fact projects increases for a few more weeks. Will it go up until the next setup (April 16th)?

Another bullish sign for the equity markets which could now rise by 5% in the short term

Here is our daily price map to keep the pulse of the situation:

Dax Future

Very short bullish trend. New declines only with the daily close of 10 March below 13,955. Lasting bullish reversal only with a week close of March 12 above 14.195.

Eurostoxx Future

Very short bullish trend. New declines only with the daily close of 10 March below 3.676. Lasting bullish reversal with only a week close of March 12 above 3,740.

Ftse Mib Future

Bullish trend. New declines only with the daily close of 10 March below 23,620.

S&P 500 Index

Very short bullish trend. New declines only with the daily close of 10 March below 3,818. Lasting bullish reversal with only a week close of March 12 above 3,915.

Which trading strategy for tomorrow?

Long intraday. Flat multidays su Dax, Eurostoxx, ed S&P 500. Long sul Ftse Mib Future.

As usual, we will proceed step by step.

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