Yesterday we saw the first bullish signs on the equity markets but we also came to the conclusion that the danger of further reductions had not yet escaped. Today, what can we add to our view and strategy?
We have seen some hesitation but the supports of the last few days have held and this suggests that the probabilities of seeing further rises from now on remain intact.
In fact, just a few days ago, we wrote about the following topic and explained the because the decline may already be over.
How to deal with this situation of uncertainty? We will indicate this in the next paragraphs.
At 5:47 pm on the trading day on October 13, the prices of the main stock exchanges were as follows:
Dax Future
15.260
Eurostoxx Future
4.081
Ftse Mib Future
25.720
S&P 500 Index
Our annual forecast has turned to the downside since August
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 8 October.
The rise in the markets strengthens but it is better to stay still on the sidelines. The levels that will definitively archive the decline
Dax Future
Bullish trend until there is a daily close below 15.092. Only lasting upwards with a close on 15 October above 15,253.
Eurostoxx Future
Bullish trend until there is a daily close below 4.026. Long-lasting rises only with a close on 15 October above 4,089.
Ftse Mib Future
Bullish trend until we see a daily close below 25.555. Only lasting increases with a close on 15 October above 25,930.
S&P 500 Index
Bearish trend until there is a daily close above 4.375. Only lasting upwards with a close on 15 October above 4.430.
Wall Street, when the quarterly reports begin to be published, shows weakness and continues to show a bearish trend. The other markets, on the other hand, show strength. This very uncertain situation, and usually from them, comes out with an explosion of clarifying momentum. We will see what happens tomorrow.
Which multdays trading operation for tomorrow and the following days?
Continue to remain Flat with a view to multidays pending developments.
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