What will happen on the stock markets on February 17-proiezionidiborsa.it
There is near-term uncertainty for equity markets: where are they headed from now to the next few days? In Europe we are at the highs of 2022, while on Wall Street it is still a long way off and high levels of overbought have not been reached. Despite this situation, in the last few days, after the expiry of the setup on February 7 and 9, it has remained almost at a standstill. What will happen to the stock markets on February 17? Will this be the next driver until March 6?
We proceed step by step.
At 17:53 on the trading day of 14 February we read the following prices:
Dax Futures
15.405
Eurostoxx Futures
4,242
Ftse Mib Future
27,530
S&P 500 Index
4,097.89.
Only Piazza Affari remains positive in the wake of a truly extraordinary start to the year. After yesterday’s rebound, Wall Street is showing weakness today and seems to be retracing its steps.
The expected weekly pattern
After the slide in the last trading sessions last week, a rebound was expected on Monday to then make room for new sales. For now this sample run seems to occur. From now on it should go down to Friday, which should see the low of the week form, as well as expiry of the last setup for this month.
From how this date will be reached, effects will probably be deployed until March 6, the second annual expiry date. This, together with August 4th and November 30th, will be one of the most important clusters for this year.
What will happen to the stock markets on February 17? The levels to be monitored carefully
Below are the short-term bearish targets to which the markets continue to aim:
Dax Futures
14.995/14.645
Eurostoxx Futures
4.095/3.985
Ftse Mib Future
26.720/26.091
S&P 500 Index
3.945/3.885.
These objectives would be disavowed if daily closures exceed the following levels between today and tomorrow:
Dax Futures
15,563
Eurostoxx Futures
4,288
Ftse Mib Future
27,745
S&P 500 Index
4,157.
The bearish hypothesis continues to be strengthened, at least in the short term. We’ll see between today and tomorrow what happens.
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