We continue to have the same operational idea. In fact, after yet another trading day that looks like a photocopy of what has been happening day by day since July 27, we can only reaffirm that the stock markets have not decided for several weeks.
The fluctuations the upside and downside continue to alternate with great precision and this continues to keep insiders and investors in the greatest indecision.
Will there be a steep decline or not? What will happen tomorrow, which is the end of the month? What are the next moves of the markets?
We just have to keep monitoring the situation from day to day without taking positions beyond the trading day. The risk would be to be on the wrong side and incur serious losses.
After yesterday’s strong rise and a new high compared to yesterday for many equity indices, how do you assess the technical picture?
How did the markets end the trading day?
Dax Future
Eurostoxx Future
3.203
Ftse Mib Future
19.024
S&P 500
3.335,47
What scenario will these quotes lead to for tomorrow and the following days?
We are still in a time zone where further declines could be seen
In blue the graph of the world stock exchanges until the close of 25 September.
Our annual forecast for 2020 is in red
Up to the first 10 days of October, further lows of the period could be recorded.
Equity markets have not decided for several weeks. What to wait for tomorrow?
Dax Future
New lasting highs only with a weekly close on 2 October above 13,136.5. Rebound in progress with new declines only with daily closing on 30 September below 12,716.
Eurostoxx Future
New lasting highs only with a weekly close on 2 October above 3,174. Rebound in progress with new falls only with daily closing on 30 September below 3,187.
Ftse Mib Future
New lasting highs only with a weekly close on 2 October above 19,375. Rebound in progress with new declines only with daily closing on 30 September below 18.925.
S&P 500
New lasting highs only with a weekly close on 2 October above 3,323. Rebound in progress with new declines only with daily closing on 30 September below 3,327.54.
Tomorrow at the close of trading we will pull the strings to understand how to move in the next few days. Maintain at the moment only intraday positions because the picture is not yet defined and is undecided and therefore dangerous.
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