The decline of the first 6 months of the year could be close to its terminus. By 5 July, the annual setup deadline, prices could rise again in the medium to long term. Otherwise, the risk would be of a sharp decline until October, or even March next year, next cyclical maturities. We have reached a decisive point in the medium term for the markets and these days could be decisive.
Let’s proceed step by step.
At 4:34 pm on the trading day on 23 June we read the following prices:
Dax Future
12,932
Eurostoxx Future
3,425
Ftse Eb Future
21,535
S&P 500 Index
Could the downside be near the end?
The annual fractal expectations on the world stock index on a weekly scale for 2022 are in red.
In blue what happened up tol June 17th.
Short term and forecast for the current week
Rebound between Monday and Tuesday, and then fall until Friday. For the time being, price developments have been undecided.
We have reached a decisive point in the medium term for the markets. Collapse for many months or near reversal?
Dax Future
Very short bearish trend until we see a daily close above 13.137. Lasting highs only with a weekly close above 13,646.
Eurostoxx Future
Very short bearish trend until we see a daily close above 3.511. Lasting highs only with a weekly close above 3,570.
Ftse Mib Future
Very short bearish trend until we see a daily close above 21.855. Lasting highs only with a weekly close above 22,510.
S&P 500 Index
Very short bullish trend until we see a daily close below 3.715. Longer ups only with a weekly close above 3,839.
Multidays trading position of our Trading Systems
Flat on Wall Street, but continue to hold the Short since June 13 on the other indices analyzed.
What could happen in the equity markets tomorrow?
The strong indecision continues, as Wall Street keeps the trend of very short Long, while the other Short. Oscillators always remain flattened and awaiting developments.
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