Only last night and up These pages In a full slope, our predictive oscillators in the markets have turned bullish and this made us say that there are straight bullish extremes. The movement was not long in coming, so we have to ask ourselves: Stock markets are returning to the upside as per yesterday’s premise, and now are we flying?
With the exception of tomorrow’s fresh drop below today’s lows, our predictive tools make us believe that we are facing an uptrend move at least until March 8th. As always, we will go step by step and from time to time read prices to confirm the expected direction or not.
At 9:05 pm on February 24 we read the following prices:
Dax the future
The future of Eurostoxx
3.714
FTSE Meb future
23.180
S&P 500 Index
3.917.
If the markets close this evening trading at these levels from tomorrow onwards, they should continue to rise even with some strength.
Do you agree with a fractal?
In red, our annual global equity index forecasts on a weekly basis for 2021.
In blue is the chart for US markets through February 19
Is it the same throne to buy?
Stock markets have returned to the upside on yesterday’s premise, and now shall we fly? Levels to watch
Dax the future
Uptrend. Only new drops with daily close on Feb 25 are higher than 13,655.
The future of Eurostoxx
Uptrend. New lows only with the daily close on February 25 above 3.638.
Future Ftse Mib
Uptrend. New lows only with the daily close on February 25 above 22,795.
S&P 500 Index
Uptrend. New lows only with the daily close on February 25 above 3804.
So, from tomorrow the rally should continue, therefore, barring false signals, we are at the start of a rally which could be really interesting and lasting (at least two weeks). So it’s time to go back and buy.
We’ll go step by step.
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