The rally in the markets strengthens but the dangers have not yet been averted. Here are the levels to monitor

The rally in the markets strengthens but the dangers have not yet been averted. Here are the levels to monitor
The rally in the markets strengthens but the dangers have not yet been averted. Here are the levels to monitor

The rise in the markets strengthens and there are extremes for further stretches. We do not see particular dangers at the moment but it is better to proceed with caution as certain levels have not been exceeded that could avert the dangers of further declines.

At 6:17 pm on the 27 September trading day, we read the following prices:

Dax Future

15.566

Eurostoxx Future

4.146

Ftse Mib Future

25.835

S&P 500 Index

4.448,15.

Our annual forecast projects declines for several months

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

In blue the chart of the American markets up to 24 September.

At the moment this bearish forecast is being disavowed by the medium to long term trend which remains upward.

What are our forecasts for the current week?

There are no extremes to carry out a projection of prices in a reliable way and with high probability in favor and for this reason, for the current week we will proceed day by day.

The rise in the markets strengthens. Here are the levels to monitor

Dax Future

Bullish trend until we see a daily close below 15,473. Lasting rises only following a daily close above 15,749, a signal that will then have to be confirmed at the close of trading day of 1 October.

Eurostoxx Future

Bullish trend until there is a daily close below 4.128.5. Lasting rises only following a daily close above 4,201, a signal that will then have to be confirmed at the close of the trading day of 1 October.

Ftse Mib Future

Bullish trend until there is a daily close below 25.705. Lasting rises only following a daily close above 25,825, a signal that will then have to be confirmed at the close of the trading day of 1 October.

S&P 500 Index

Bullish trend until we see a daily close below 4,406. Lasting rises only following a daily close above 4,466, a signal that will then have to be confirmed at the end of the trading day of 1 October.

What trading operations to keep for Tuesday?

From a multidays perspective, we continue to maintain a cautious approach. Continue to trade on an intraday basis only.

We will proceed step by step.

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