Decisive moments for stock markets that have to choose between a rise and a new fall

This is an important week in a month where medium-term declines begin cyclically. It will be like this? We do not believe, on the contrary, we assume that the decline will be archived by the end of June. These, however, are decisive moments for the equity markets, which must choose between a rise and a new fall.

At 4:19 pm on the trading day on May 4th we read the following prices:

Dax Future

14,032

Eurostoxx Future

3.698

Ftse Eb Future

23,670

S&P 500 Index

4,165.63.

The annual forecast projects reductions until at least 5 July

In red, our annual forecast for the world stock index on a weekly scale for 2022.

In blue the chart of the American markets at the close of April 29th.

Forecast for the current week

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The expected sample path is as follows:

maximum Monday and minimum Friday. There are some oscillators that seem ready to turn higher, but it is better to wait for developments. Furthermore, the weekly low has probably already been marked, as a pattern of change in the weekly scenario occurred on Monday. Tomorrow is decisive in this regard

Decisive moments for stock markets that have to choose between a rise and a new fall. The price map

Dax Future

Very short bullish trend until we see a daily close below 13.923. Lasting highs only with a weekly close above 14,617.

Eurostoxx Future

Very short bullish trend until we see a daily close below 3.681. Longer ups only with a weekly close above 3,883.

Ftse Mib Future

Very short bullish trend until we see a daily close below 23.595. Long lasting drops only with a weekly close of less than 23,585.

S&P 500 Index

Very short bearish trend until we see a daily close above 4.147. Lasting up only with a weekly close above 4,309.

Current multidays trading position of our Trading Systems

Short on the S&P 500 from the opening on May 2nd. Instead, flat on all the other indexes analyzed.

What movement to wait for Thursday?

This is an important and perhaps decisive week. The Fed decided today by raising rates by 50 basis points, and the employment report will be released on Friday. What to wait for tomorrow? Difficult to make a forecast with high probability in favor, even if the weekly fractal predicts a rebound between today and tomorrow, before giving way to new sales.

We will see what happens between now and Friday.

Recommended reading

Wall Street to a bullish turn or to a sell off?

The results of the forecasts in this article are based on statistical calculations explained in the ebooks published by ProiezionidiBorsa and processed on the basis of the available price history. (We also remind you to carefully read the warnings regarding this article and the author’s responsibilities, which can be consulted HERE”)

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Decisive moments for stock markets that have to choose between a rise and a new fall


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