Decisive moments and the first weekly round is in favor of further reductions. Things get complicated and from this moment on, the hypotheses for a real collapse of different months and by several percentage points. Today, a new sharp decline and if tomorrow it does not reverse to the upside, it will be painful for the stock markets.
There is still a chance to recover right away but if the bullish swing is to form, it must do so tomorrow, at most in the early trading hours on Wednesday.
At 7:59 pm on the trading day on July 19th we read the following prices:
Dax Future
15.060
Eurostoxx Future
3.902
Ftse Mib Future
23.860
S&P 500 Index
Has the August top been brought forward by a couple of weeks? Will August be further confirmation for the start of a sharp decline?
In red our annual forecast on the global weekly stock index for 2021.
In blue the chart of the American markets up to 16 July.
What is the expected scenario for the week of July 19th?
We expected the start of the week to rebound with the formation of a maximum between Monday and Tuesday and then leave room for decreases until Friday, the day of any minimum. Tomorrow, already from the first hours of trading, we will understand if the weekly high has been formed or there will be possibilities to return to the upside.
Another strong downside and if tomorrow it does not reverse to the upside, it will be painful for the stock markets
Dax Future
Bearish trend in progress. Short bullish reversal with daily close on July 20th above 15,477.
Eurostoxx Future
Bearish trend in progress. Short bullish reversal with daily close on July 20th above 3.895.
Ftse Mib Future
Bearish trend in progress. Short bullish reversal with daily close on July 20th above 24.515.
S&P 500 Index
Bearish trend in progress. Short bullish reversal with daily close on July 20th above 4.376.
What trading operations to keep for Tuesday?
Short from a multidays perspective on the stock indices analyzed.
As usual, we will proceed step by step.
–
