The week starts with a retracement, after a rally has been attempted several times during the trading day.
What to wait for from now on?
Our view is as follows: tomorrow the markets will decide whether to return to rise or continue to fall and therefore it will be understood if there are or not. the prerequisites for leaving recent lows behindi.
At 8.10pm on the trading day on 11 October we read the following prices:
Dax Future
15.143
Eurostoxx Future
4.046
Ftse Mib Future
25.565
S&P 500 Index
The annual fractal has been projecting declines for several weeks
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.
According to the forecast, this movement could last for many months.
What forecast instead for the week that has just begun?
There is no high probability to have a reliable forecast and it will proceed day by day. However, our indicators signal that by tomorrow we will have enough clarity of what awaits the markets for the next 7/10 trading days.
Tomorrow the markets will decide whether to go back up or keep going down. The levels to monitor
Dax Future
Bullish trend until we see a daily close below 15.076. Only lasting upwards with a close on 15 October above 15,253.
Eurostoxx Future
Bullish trend until there is a daily close below 4.029. 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 25.460. Only lasting increases with a close on 15 October above 25,930.
S&P 500 Index
Bullish trend until we see a daily close below 4.374. Only lasting upwards with a close on 15 October above 4.430.
Which multdays trading to keep for Tuesday?
Stay Flat awaiting developments. The very short situation is uncertain and the advice therefore remains to wait for developments while waiting to take a net trading position from a multidays perspective.
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