A day of sharp decline even if in the last few hours the markets have moved away from the lows marked during the morning. What will happen from now on? These are the decisive hours for the stock markets to understand whether or not a strong correction will begin that could last until October 5th and beyond.
Let’s proceed step by step.
At 6:41 pm on the trading day on August 19th we read the following prices:
Dax Future
15.792
Eurostoxx Future
4.134,5
Ftse Mib Future
26.005
S&P 500 Index
Our annual fractal signals that the top should have already been marked and prices should drop from now on
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 13 August.
This and the next are important weeks to confirm or not the annual forecast.
Forecast for the week of August 16th
The weekly minimum was expected between Monday and Tuesday and then left room for a rise until Friday, the maximum day. The scenario has changed from bullish to bearish and therefore we could see new selling tomorrow.
Decisive hours for the stock markets to understand whether or not a strong correction will begin that could last up to 5 October and beyond
The levels to be monitored for tomorrow are as follows:
Dax Future
Bearish trend in progress. Short bullish reversal with daily close on August 20th above 15,893.
Eurostoxx Future
Bearish trend in progress. Short bullish reversal with daily close on August 20th above 4.170.
Ftse Mib Future
Bearish trend in progress. Short bullish reversal with daily close on August 20th above 26.425.
S&P 500 Index
Bearish trend in progress. Short bullish reversal with daily close on August 20th above 4.481.
What trading operations to keep for Friday?
All upside and now flat transactions on the other indices have been closed between yesterday and today, awaiting developments.
As usual, we will proceed step by step.
–
