Fresh reversal in international equity markets reverses the daily bullish trend.
What looked like the beginning of a file Strong dropToday it was rejected vehemently. What are you waiting for from now on? Another false sign and prices move like a pendulum that rotates every day, rising, then falling, then rising. After an explosion of strong momentum today, respecting the scenario of the past few weeks, will we return to the negative side of tomorrow? We don’t believe, because something is changing and some of the flat oscillators are starting to show that prices are going to go up. For this reason, and to confirm this hypothesis tomorrow is important and decisive.
At 8:24 PM on March 1 we read the following rates:
Dax the future
The future of Eurostoxx
3.711
FTSE Meb future
23.270
S&P 500 Index
3.906.
If prices close the trading day at these levels, the very short signal turns bullish.
Annual forecasts for projects of fractals rise until March 8th and then the last week of March
Our annual global weekly stock index forecast for 2021 is in red.
In blue is the chart for US markets through February 26th
After these constant false signals, will the annual projections be respected? It is better to proceed step by step and follow the dynamics that will take place between tomorrow and Wednesday.
Fresh reversal in international equity markets reverses the daily bullish trend
Below are the operating levels to determine the current trend, reversal points, and support and resistance levels.
Dax the future
Uptrend. New lows are only very short with the daily close on March 2 below 13807. The bullish reversal continues with only a week close on March 5 above 14069.
The future of Eurostoxx
Uptrend. Only very short new lows with the daily close on March 2 below 3,650. The bullish reversal continues with the week close on March 5 above 3,727.
Future Ftse Mib
Uptrend. New cuts are only very short with the daily close on March 2 below 23,000.
S&P 500 Index
Uptrend. New lows are only very short with the daily close on March 2 below 3841. The bullish reversal continues with only a week close on March 5 above 3,929.
In addition to day trading operations, what do we recommend?
Flat multidays su Dax, Eurostoxx ed S&P 500. Per il Ftse Mib Future, Long in ottica multidays.
As usual, we’ll go step by step.
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