This is not the time to sell on the stock markets

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

4,103.37.

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

fractal

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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