At 6:16 pm on the trading day on March 1st we read the following prices:
Dax Future
13.826
Eurostoxx Future
3.735
Ftse Mib Future
24.225
S&P 500 Index
The bearish trend of the markets continues and tends to strengthen day by day.
Let’s proceed step by step.
Until June, the odds are in favor of further declines
In red, our annual forecast for the world stock index on a weekly scale for 2022.
In blue the chart of the American markets at the close of 25 February.
The bearish trend in the markets continues to take effect and prices plummet. Where are they headed?
Dax Future
Very short bearish trend until we see a daily close above 14.470. Lasting highs only with a weekly close above 15,226.
Eurostoxx Future
Very short bearish trend until we see a daily close above 3,923. Lasting gains only with a weekly close above 4,119.5.
Ftse Mib Future
Very short bearish trend until we see a daily close above 25.625. Lasting highs only with a weekly close above 26,735.
S&P 500 Index
Very short bearish trend until we see a daily close above 4.379. Lasting up only with a weekly close above 4,384.
What are the temporal objectives of the current decline?
The next setup dates will be as follows:
7,9,17 and 28. The most important is precisely March 28th.
Price targets are as follows:
Dax Future
First goal: 14,000
second: 12.746
third: 10.558.
Eurostoxx Future
First objective: 3.760
second: 3,400
third: 2,700.
Ftse Mib Future
First objective: 23,700
second: 21.100
third: 16.400
S&P 500 Index
First objective: 4.340
second: 4.050
third: 3.600
Let’s proceed step by step.
Which investment position to maintain in a multidays perspective?
At the first prices of March 2nd, open Short on the analyzed indices.
What movement to wait for tomorrow?
The ups and downs continue and this makes forecasts from day to day really difficult and unreliable. For this reason, we believe it is difficult to predict with high probabilities what will happen on tomorrow’s trading day. In fact, the variables involved are many and even conflicting, even if usually in a bearish trend, it should open in rebound and then leave room for new sales.
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