The international markets continue to rise and Piazza Affari is flexing its muscles and seeing shares rise in a really interesting way. When the oscillators seemed tight due to a certain accumulated overbought, prices have continued to show some strength in recent days. What to watch? Prices or oscillators?
Prices and their trend, because they are the real signal. In fact, the oscillators can often arrive, indeed very often, late. This especially when the markets mark a “horizontal path”, i.e. they experience a lateral phase.
The trading day of 24 November was positive and closed at the following levels:
Yet another upward session. Wall Street revving its engines and could it set off for a sharp rise until the end of December?
The odds are all to the up
Our view remains the same for the moment: a significant long-term bottom was probably marked close to October 17th. This could also be that of the entire current decade. Wall Street warms up its engines and from now on it could surprise with strong increases.
The levels to monitor for the next few days
Very short bullish trend until there is a daily close below 33.810. Lasting declines only with this week’s close below 33,234.
Very short bullish trend until there is a daily close below 10.975. Lasting rises only with the closing of this week below 11.001.
Very short bullish trend until there is a daily close below 3.956. Lasting declines only with this week’s close below 3,903.
Our oscillators continue to remain set high, with stock investing as the best guess.
Technological and banking could begin to take the lion’s share.