Everything keeps going as per probability calculations and from expected scenario in the past few weeks. Therefore, except for a sudden bearish reversal in the next few days, at the moment the view remains the same and is the following: we are moving towards an all-up August for the stock markets.
What are the expectations for tomorrow?
The bullish movement should continue until the close of trading of the week and then leave room for a lateral phase between Monday and next Tuesday, before new rises until mid-August.
We proceed step by step and we are going to indicate the levels that will maintain the current uptrend and those that could make it change.
At 3:46 pm on the trading day on August 5th we read the following prices:
Dax Future
15.735
Eurostoxx Future
4.157
Ftse Mib Future
25.605
S&P 500 Index
The annual scenario from August to October should have changed from bearish to bullish
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.
The next annual setup will expire on October 5th and on this date we will wait for an absolute / relative minimum / maximum.
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. The trend of the price lists has accurately traced the forecast made.
Towards a bullish August for equity markets
What are the levels to monitor?
Dax Future
Bullish trend in progress. Short bearish reversal with daily close on August 6th below 15,541.
Eurostoxx Future
Bullish trend in progress. Short bearish reversal with daily close on August 6th below 4.113.
Ftse Mib Future
Bullish trend in progress. Short bearish reversal with daily close on August 6th below 25,200.
S&P 500 Index
Bullish trend in progress. Short bearish reversal with daily close on August 6th below 4.372.
What trading operations to keep for Friday?
Maintain long multidays on the indexes analyzed.
As usual, we will proceed step by step.
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