The market rally continues and could strengthen in the coming days

The rally in the markets continues and could strengthen in the coming days. After the lateral phase from the beginning of April and the continuous false signals it seems that the graphic situation has significantly improved. It is unlikely that we will return to the downside from the current levels and at least in the lateral phase, but as usual we will proceed step by step. Several proprietary indicators give the very probable start of a directional phase of 7/10%, also vertical. We will see what happens.

Let’s proceed step by step.

At 8:33 pm on today’s trading day we read the following prices:

Dax Future

15.577

Eurostoxx Future

4.080

Ftse Mib Future

25.315

S&P 500 Index

4.203,47

Between ups and downs, the annual maximum could form in the first ten days of August

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

In blue the chart of the American markets up to May 28

Our attention now focuses on the upcoming setup deadlines (June 22nd) and on the static setup of the first decade of August.

Our forecast for the week of May 31

Weekly minimum on Monday and maximum on Friday. Everything for the moment continues to confirm the forecast.

The market rally continues and could strengthen in the coming days

What are the levels that could change the current trend from tomorrow onwards?

Dax Future

Bullish trend in progress. Short bearish reversal with daily close on June 3rd below 15,345.

Eurostoxx Future

Bullish trend in progress. Short bearish reversal with daily close on June 3rd below 4.016.

Ftse Mib Future

Bullish trend in progress. Short bearish reversal with daily close on June 3rd below 25,000.

S&P 500 Index

Bullish trend in progress. Short bearish reversal with daily close on June 3rd below 4.150.

What trading operations to keep for tomorrow?

Long from an intraday perspective and to maintain and increase Long from a multidays perspective.

We will proceed step by step.

Source

market rally continues strengthen coming days

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