Strong rebound of the markets and now what are the levels to monitor?

Strong rebound of the markets and now what are the levels to monitor?
Strong rebound of the markets and now what are the levels to monitor?

Over the weekend we wrote that if certain supports are broken downwards at the end of the month, it could also go down for several months. Yesterday, a strong sell off, today a rebound close to yesterday’s highs. How to regulate? Strong rebound of the markets and now what are the levels to monitor?

Yesterday the first projected bearish targets for the week and the bearish movement started around September 10th were hit. At 8:28 pm on the trading day on 21 September, we read the following prices:

Dax Future

15.301

Eurostoxx Future

4.069

Ftse Mib Future

25.005

S&P 500 Index

4.358,73.

The annual forecast has turned lower since 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 17 September.

What are our predictions for the current week?

The maximum is expected between Monday and Tuesday, and then to see new reductions until Friday. Today’s rebound will need to be carefully considered as it could lead to a weekly bullish reversal.

Strong rebound of the markets and now what are the levels to monitor

Here are the levels to monitor for the day of September 22 and for the current week:

Dax Future

First bullish sign with daily close on 22 September above 15,493. Bearish trend that can last until there is a daily and then weekly close above 15,776. First objective of 14,340 / 13,945 to be reached by / by 5 October.

Eurostoxx Future

First bullish sign with daily close on 22 September above 4,102.5. Bearish trend that can last until there is a daily and then weekly close above 4.184. First objective of 3,769 / 3,412 to be reached by / by 5 October.

Ftse Mib Future

First bullish sign with daily close on 22 September above 25.175. Bearish trend that can last until there is a daily and then weekly close above 25.910. First objective of 23,260 / 22,000 to be reached by / by 5 October.

S&P 500 Index

First bullish sign with daily close on 22 September above 4.472. Bearish trend that can last until there is a daily and then weekly close above 4.493. First objective of 4.102 / 3.795 to be reached by / by 5 October.

Which trading to keep for Wednesday?

Today’s rebound hasn’t changed the current trend yet. Keep trades short.

We will proceed step by step.

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