Equity markets that continue to be undecided in the short term

Markets undecided in recent weeks but the conditions are still being assessed to witness new rises at least until the first ten days of August. From this month onwards we could see a decline of up to 12 uninterrupted months. What to wait instead in the short term? What are the operational levels to monitor to keep the pulse of the situation and carry out trading operations in favor?

Equity markets that continue to be undecided in the short term but we are proceeding step by step.

At 3.13 pm on the 7th July trading day we read the following prices:

Dax Future

15.650

Eurostoxx Future

4.057

Ftse Mib Future

25.155

S&P 500 Index

4.343,16

Reductions are expected only from August onwards and at least until October or December

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

In blue the chart of the American markets up to 2 July.

Expected scenario and forecast for the week of July 5th

The weekly minimum should be formed between Monday and Tuesday and the maximum on Friday. For the moment this forecast cannot be denied but not confirmed either.

Equity markets that continue to be undecided in the short term

Dax Future

Bearish trend in progress. Short bullish reversal with daily close on July 8 above 15,678.

Eurostoxx Future

Bearish trend in progress. Short bullish reversal with the daily close on July 8 above 4,083.5.

Ftse Mib Future

Bearish trend in progress. Short bullish reversal with daily close on July 8 above 25,420.

S&P 500 Index

Bullish trend in progress. Short bearish reversal with daily close on July 8 below 4.326.

What trading operations to keep for Thursday?

The technical picture continues to remain undecided. Therefore, as happened in the last trading days, also for tomorrow it is advisable to operate in a short perspective on the multidays for the European indices analyzed while it is possible to continue to maintain upward operations on the same time frame for Wall Street. We look forward to an explosion of momentum that will align trends across the various equity indices. Will the right day be tomorrow? We will see what happens.

As usual, we will proceed step by step.

Source

Equity markets continue undecided short term

PREV This fascinating aquatic plant with a particular shape is perfect for embellishing your home
NEXT Salone del Mobile Milano: the new digital platform is online