Breaking news

Interlocutory day but from tomorrow the markets should start rising immediately to avoid dangers

As per weekly forecasts, today’s day was supposed to be retracement / lateral and then leave room for new rises from tomorrow. At the moment, economic data, central banks and American quarterly reports do not reveal any elements that may cause concern.

What is our view after this Monday?

Interlocutory day today but from tomorrow the markets should immediately start rising again to avoid dangers.

Let’s proceed step by step and let’s analyze the situation.

At 7:12 pm on the trading day on August 2nd we read the following prices:

Dax Future

15.545

Eurostoxx Future

4.107

Ftse Mib Future

25.280

S&P 500 Index

4.402,97.

We are entering a cyclical window where our annual forecasts place the formation of a relevant top for the next 12 months at least

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.

At the moment, except for a bearish reversal at least on the weekly time frame, we believe that a self-change of the bearish to bullish scenario is underway and that the upside may still continue for several weeks.

Forecast for the week of August 2nd

The weekly minimum is expected between Monday and Tuesday and the maximum on Friday. For the moment, everything as expected from our sample path. However, tomorrow is decisive for confirming or not the weekly scenario.

Interlocutory day but from tomorrow the markets should start rising immediately to avoid dangers

What are the levels that will keep our bullish forecast intact?

Dax Future

Bullish trend in progress. Short bearish reversal with daily close on August 3rd below 15,496.

Eurostoxx Future

Bullish trend in progress. Short bearish reversal with daily close on August 3rd below 4,080.

Ftse Mib Future

Bullish trend in progress. Short bearish reversal with daily close on August 3rd below 25.220.

S&P 500 Index

Bullish trend in progress. Short bearish reversal with daily close on August 3rd below 4.372.

What trading operations to keep for Tuesday?

Maintain long multidays on the indexes analyzed.

As usual, we will proceed step by step.

NEXT Covid: US health authorities hold back on third vaccine dose – Last Hour