The rally continues on the equity markets

The day did not see any particular dangers forming, indeed as the hours went by, the relative strength of the price lists increased.

At 4:00 pm on the trading day of August 4th we read the following prices, which show upwards:

Dax Future

13,634

Eurostoxx Future

3,739

Ftse Mib Future

22,600

S&P 500 Index

4,137.22.

The rally continues on the equity markets, and there are currently no particular dangers. How far could this movement continue in the short term? Probably until the deadline for the next annual setup on August 16th.

Worse behind or is yet to come?

In red, the annual fractal expectations on the world stock index on a weekly scale for 2022.

In blue, what happened until July 29th.

The long-term probabilities are on the upside, although from a graphical point of view there is still no confirmation.

The forecast for the current week

fractal

Minimum Monday and maximum Friday. After a slight change earlier in the week, we are currently continuing to project the formation of the weekly highs into tomorrow’s session.

The rally continues on the equity markets. The levels to monitor

Dax Future

Very short bullish trend until we see a daily close below 13.324. Long-lasting downsides only with a weekly close of less than 13,020.

Eurostoxx Future

Very short bullish trend until we see a daily close below 3.658. Long lasting drops only with a weekly close of less than 3,552.

Ftse Mib Future

Very short bullish trend until we see a daily close below 22.140. Long-lasting downsides only with a weekly close below 21,055.

S&P 500 Index

Very short bullish trend until we see a daily close below 3,992. Long-lasting downsides only with a weekly close below 3,910.

Current multidays trading position of our Trading Systems

Su continue to hold Long on all indexes analyzed.

What could happen on Friday’s trading day?

Bullish side phase until the close of the session.

Recommended reading

Wall Street unhindered and now it might surprise

Leave a Comment