The Christmas rally continues but there is this danger that should not be underestimated

New rises and everything continues to be still in favor of the movement. Attention, a date could soon be set against which could lead to at least a week of fast retracement of a few percentage points.

At 16:33 on November 23 we read the following prices:

Dax Futures

14,557

Eurostoxx Futures

3,964

Ftse Mib Future

24,755

S&P 500 Index

4,027.27.

At the moment, the prodromes for a bearish reversal are not seen.

The Christmas rally continues, but what are the dangers?

The upside could be sustained until the end of the year. Probably, as expected, a significant bottom was marked in recent weeks.

How should this week go?

weekly fractal

At the moment, as expected, there are no dangers of even temporary stops. The view continues to be bullish until the last week of December. By this date, our algorithms project the American indices to exceed the August highs by several percentage points, and to reach (if not exceed) the January ones for the European indices analysed.

The supports that will have to hold up tomorrow

Dax Futures

Very short bullish trend until there is a daily close below 14.349. Lasting declines only with this week’s close below 14,140.

Eurostoxx Futures

Very short bullish trend until there is a daily close below 3.919. Lasting declines only with this week’s close below 3,821.

How are reliable forecasts doing?

Ftse Mib Future

Very short-term bullish trend until there is a daily close below 24.060. Lasting declines only with this week’s close below 24,045.

S&P 500 Index

Very short bullish trend until there is a daily close below 3.906. Lasting declines only with this week’s close below 3,809.

At the moment our oscillators continue to show high odds in favor, the Christmas rally continues but November 29th will be the next litmus test. Why is this date important? The last monthly setup calculated with our proprietary algorithms will expire.

We invite you to carefully read the Warnings regarding this article and the author’s responsibilities, which can be consulted HERE”

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