Equity markets are close to a Long signal and these are the levels to monitor

Equity markets are close to a Long signal and these are the levels to monitor
Equity markets are close to a Long signal and these are the levels to monitor

In recent days, close to the lows for the period, we have explained and argued why the decline may already be over. From that moment on, prices went higher and our oscillators followed the movement “in convergence”. The stock markets are close to a Long signal, but what to do now? Be patient again for tomorrow and wait for the necessary confirmations from the prices at the end of this week.

We therefore already begin to estimate the high probability that a bullish directional phase is underway, which could accompany us until our next annual setup expiring on December 8th.

Now we will start from the current prices and in the next paragraphs we will give operational indications to bring the events in your favor through a strategy based on an optimal risk reward.

At 6:21 pm on the trading day on October 14th we read the following prices:

Dax Future

15.458

Eurostoxx Future

4.141

Ftse Mib Future

26.010

S&P 500 Index

4.431,50.

The annual fractal projects declines but the trend seems to want to return to the upside

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

In blue the chart of the American markets up to 8 October.

Equity markets are close to a Long signal and these are the levels to monitor

Dax Future

Bullish trend until we see a daily close below 15,280. Only long-lasting rises with a close on 15 October above 15,253.

Eurostoxx Future

Bullish trend until there is a daily close below 4.085. Only lasting increases with a close on 15 October above 4,089.

Ftse Mib Future

Bullish trend until we see a daily close below 25,750. Only lasting increases with a close on 15 October above 25,930.

S&P 500 Index

Bullish trend until we see a daily close below 4.329. Only lasting rises with a close on 15 October above 4.430.

Which multdays trading operation for tomorrow and the following days?

There are and reinforce the bullish indications but it is better to wait for confirmation from tomorrow before entering Long. For the moment, continue to remain Flat with a view to multidays pending developments.

Source

Equity markets close Long signal levels monitor

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