Everything remained as analyzed over the weekend and not much has changed. Our view is therefore as follows: an interlocutory day on the equity markets waiting for an explosion of momentum. Will we see a surge in volatility tomorrow and therefore the beginning of a directional phase? In what way? Or will the laterality phase continue until the setup on April 16?
At this point this could be the scenario that is looming. A monotonous week awaits us, which will be decided by the close of trading on Friday and which will probably start a directional movement until the next setup on May 19th.
Let’s proceed step by step.
At 8:13 pm on April 12th we read the following prices:
Dax Future
15.230
Eurostoxx Future
3.909
Ftse Mib Future
24.170
S&P 500 Index
The annual fractal projects the imminent start of a bearish phase
In red our annual forecast on the global weekly stock index for 2021.
In blue the chart of the American markets up to 9 April
This is a particular week where at the moment there are few ideas given the laterality in progress in the last 2/3 days, but we are waiting for days that will prove decisive for the next 30 days.
Interlocutory day on the stock markets waiting for an explosion of momentum
Below is the operational map and the levels to be monitored for Tuesday:
Dax Future
Bullish trend. Short bearish reversal with daily close on April 13 below 15,170.
Eurostoxx Future
Bullish trend. Short bearish reversal with daily close on April 13 below 3,918.
Ftse Mib Future
Bearish trend. Short bullish reversal with daily close on April 13 above 24.415.
S&P 500 Index
Bullish trend. Short bearish reversal with daily close on April 13 below 4,095.
Operational strategy
Flat multidays on the Ftse Mib Future while continuing to stay Long multidays on all the others. Something is starting to creak and we do not deny the hypothesis that as written in the previous days, Piazza Affari has begun to anticipate a correction that the other equity indices could follow. However, we await the necessary confirmations for or against this hypothesis. At the moment it is better to be cautious and not a little.
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