Wall Street strengthens and continues to leave recent lows behind. These are the decisive days

Despite the strong indecision of the European markets, but with an ongoing bearish trend, Wall Street strengthens and continues to leave recent lows behind. Are we at a turning point? It might be very plausible.

Let’s proceed step by step.

Is the Bull about to come out of the enclosure? Already marked the annual and ten-year minimum?

In red, our annual forecast for the world stock index on a weekly scale for 2022.

In blue the chart of the American markets at the close of June 17th.

The American lists closed the trading day of June 22 at the following prices:

Dow Jones

30,483.13

Nasdaq C.

11,053.08

S&P 500

3,759.89.

Wall Street strengthens and continues to leave recent lows behind. These are the decisive days

Dow Jones

Very short bullish trend until we see a daily close below 30.074. Lasting highs only with a weekly close above 31,145.

Nasdaq C.

Very short bullish trend until we see a daily close below 10.974. Lasting highs only with a weekly close above 11,245.

S&P 500

Very short bullish trend until we see a daily close below 3.636. Lasting up only with a weekly close above 3,839.

Current signal from our Trading Systems

Flat from 22 June.

Further bullish sign for Microsoft

The title (NASDAQ: MSFT) closed the last trading day at a price of 253.13, down 0.24% from the previous session.

The analysts’ estimates (47 reviews) converge on a target fair value price of around $ 358.43 per share, and therefore an undervaluation of at least 35% is estimated at current levels.

The operational strategy

Very short bullish trend. Until a weekly close below 243.02 is seen, prices could continue to rise in a few weeks towards the 277 area, and to break out and hold towards $ 307.

Recommended reading

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The results of the forecasts in this article are based on statistical calculations explained in the ebooks published by ProiezionidiBorsa and processed on the basis of the available price history. (We also remind you to carefully read the warnings regarding this article and the author’s responsibilities, which can be consulted HERE”)

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