At 7:49 pm on the trading day on August 2nd we read the following prices:
Dax Future
13,417
Eurostoxx Future
3.675
Ftse Mib Future
22,315
S&P 500 Index
Let’s proceed step by step.
For the annual forecast the worst would be behind us
In red, the annual fractal expectations on the world stock index on a weekly scale for 2022.
In blue, what happened until July 29th.
Despite some uncertainties about the monthly time frame, many indicators have turned up for about a month. It is not the time to sell on the stock markets, but indeed, perhaps not only the annual low has formed, but also that of the entire decade. Will the first half of this year turn out to be an extraordinary buying opportunity in hindsight? The probabilities and the study of time series are in favor of this thesis.
The forecast for the current week
Minimum Monday and maximum Friday. For the moment, despite today’s uncertainty, the scenario for the following days has not changed. So, it should go up until Friday.
This is not the time to sell on the stock markets. The short term levels
Dax Future
Very short bullish trend until we see a daily close below 13.082. 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 3.588. 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 21.620. 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 3,951. Long-lasting downsides only with a weekly close below 3,910.
Current multidays trading position of our Trading Systems
They continue to hold Long on all indexes analyzed.
What could happen on Wednesday’s trading day?
Opening on the lows and then an explosion of bullish momentum until the close of the session.
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