Beginning of the expected decline on the equity markets? In the last daysi had written that the new year would begin close to important resistance and that in the first 3 days of the open stock market of 2021, the fate of the markets would be decided until mid-February or even, early March. What to wait from now on? How to evaluate today’s movement? After a strong start in European markets, close to the opening of Wall Street, all equity indices turned lower. Will this movement continue? Will today’s high be the full month’s high? What are the levels to monitor?
At 6:35 pm on January 4th we read the following prices:
Dax Future
Eurostoxx Future
3.526
Ftse Mib Future
22.090
S&P 500
3.675
In which direction will stock markets continue from now on? Let’s proceed step by step to keep the pulse of the situation.
The Fractal projects a 2021 with an initial decline that should last until mid-February
In red our annual forecast on a weekly scale for 2021.
The first day of the new stock year should be at its highest for at least 6 weeks. It will be like this? As usual, we are now going to define our price map and the levels that will drive the markets up or down.
Beginning of the expected decline on the equity markets? What are the levels that will be decisive?
Dax Future
Bearish trend. New rises only with the daily close of January 5th above 13.908.
Eurostoxx Future
Bearish trend. New hikes only with the daily close of January 5th above 3,597.
Ftse Mib Future
Bearish trend. New rises only with the daily close of January 5th above 22,390.
S&P 500
Bearish trend. New highs only with the daily close of January 5th above 3.770.
Today’s decline must be confirmed tomorrow, which at this point, together with that of January 6, becomes truly decisive for the fate until mid-February.
Between tomorrow and Wednesday the almost definitive response.
We will proceed step by step.
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