Does a new rise start for the stock markets or is it going down again from now on? Today we will define which one scenario it could be formed in the week of August 15th and how to behave to bring events in your favor.
Here’s how the major markets closed last trading week:
Ftse Mib Future
Where are our annual forecasts and how are the graphs of the stock indices actually moving?
Forecast fractal on a weekly scale from 1 January to 30 December 2020
In blue chart of the world stock exchanges until the close of 7 August
Our annual forecast is in red
It should be noted that a downward phase could now begin with a low in the week of 12 October. It will be like this?
What do the prices and charts that have been forming in the last few days say?
The week that has just ended was inside (i.e. it marked a higher low and a lower high than the previous week) and therefore, Dax, Eurostoxx and Ftse Mib Future continue to be set down as per the week that ended on the 31st. July. Wall Street, on the other hand, generated a further bullish continuation signal.
Does a new rise begin for the stock markets or is it going down again from now on?
The question we will try to answer from day to day until Thursday 13 August is the following:
Will the markets continue to rise or will they take the downward path?
So how to go about it?
The daily close of August 3 above 12,517 triggered a rebound but the signal of the end of the downside will be represented only by a close on August 13 above 12,973. New reductions instead with daily closings of less than 12,571.
The daily close of August 3 above 3,242 triggered a rebound but the signal of an end of the downside will be represented only by a close on August 13 above 3,324. New reductions instead with daily closings of less than 3,214.
Ftse Mib Future
The end of the downside signal will only be represented by a close on 7 August above 20,150. New rebound attempts instead with daily closings above 19.605.
A daily close above 3,328 would continue the upside. The signal of the end of the upside will only occur with a close on August 14 below 3,284.
Which operations to keep for the next few days?
Continue to operate intraday on Dax, Eurostoxx and Ftse Mib Future and from an intraday and multidays Long perspective on the S&P 500. The next monthly setup will expire on August 17th and the following on August 26th.