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Thanks to an orphan session on Wall Street, international markets are looking for a rebound. This morning we go back down. This is the story of the last 2/3 months and it continues to generate upward and downward impulses sometimes in minutes. In these situations, the losses can be truly devastating for anyone trying to chase the different moves.
How to regulate, what to do and what not to do with these bags between continuous ups and downs?
At the time of writing this report, the citations are as follows:
Dax Future
13,084
Eurostoxx future
3,306
Ftse Eb Future
19,595
S&P 500
3,426.96 at the end of September 4.
Let’s first proceed with an overview and long-term view.
Let’s see and analyze the big picture.
Forecast fractal on a weekly scale from January 1 to December 30, 2020
On a blue chart of world stock markets until the close of August 21
Our annual forecast is in red.
We have entered a time range where the odds are in favor of a pullback to week 43/44 of the year (first ten days of October).
How to regulate, what to do and what not to do with these bags between continuous ups and downs
Dax Future
Lasting highs only at the September 11 weekly close above 13,462. New bounces only with daily closes above 13.127.
Eurostoxx future
Lasting highs only at the Sept. 11 weekly close above 3,395. New bounces only with daily closes above 3,328.
Ftse Eb Future
Lasting highs only at the Sept. 11 weekly close above 20,140. New discounts only with daily closings lower than 19,445.
S&P 500
Lasting rises only to the weekly close of September 11 above 3,590. New bounces only with daily closes above 3565.
Yesterday, the Ftse Mib Future generated a bounce signal that seems to be back in these hours. The closing of operations today will give us indications and perhaps more clarity about the near future. We look forward to the start of a directional phase after weeks of continuous false signals.
