The stock markets are proceeding at full speed and without danger towards further rises

Everything continues to move as we do sample path weekly and monthly and the stock markets proceed at full speed and without danger towards further rises. At the moment nothing worries and disturbs the horizons: neither the pandemic nor the macroeconomic data or corporate earnings on Wall Street. What continues to count and push prices, as we have repeatedly written on these pages, is the risk premium in favor of the equity. Until there is a viable alternative, we will see no reason to see sustained falls in share prices.

What is our view after this trading day?

The rally should continue until Friday, where we await the formation of the weekly high in the last trading hours of the day.

Let’s proceed step by step and now let’s calculate and indicate the levels to keep the pulse of the situation for the next few days.

At 4:24 pm on the trading day on August 4th we read the following prices:

Dax Future

15.671

Eurostoxx Future

4.137

Ftse Mib Future

25.455

S&P 500 Index

4.409,86.

From today we enter a cyclical window where the annual forecasts begin to decline

In red our annual forecast on the global weekly stock index for 2021.

In blue the chart of the American markets up to 30 July.

However, the trend at the moment projects further rises and follows a different path from the forecast itself.

Forecast for the week of August 2nd

The weekly low was expected between Monday and Tuesday and then left room for a rise until Friday. At the moment, the scenario continues to be confirmed.

$weekly fractal$