Is the downturn in the markets over for now? The operational levels

After yesterday’s rebound, another positive sign was formed today. Is the downturn in the markets over for now? We will soon confirm this scenario, but let’s proceed step by step.

At 4.45pm on the trading day on May 3rd we read the following prices:

Dax Future

13,944

Eurostoxx Future

3.687

Ftse Eb Future

23,785

S&P 500 Index

4,152.02.

For the annual fractal the road should still be bearish until late June or the July 5th setup

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. As written yesterday, the candle that formed on Monday could lead to a change in the weekly scenario. At the moment, we have not had any confirmations, but not even denials on the matter. However, this week, it will be difficult to see a “strong bullish signal”, and that is why we will have to wait until next week. The danger of a downturn is therefore still in vogue and around the corner.

Is the downturn in the markets over for now? The operational levels

Dax Future

Very short bullish trend until we see a daily close below 13,809. Lasting highs only with a weekly close above 14,617.

Eurostoxx Future

Very short bullish trend until we see a daily close below 3.675. Longer ups only with a weekly close above 3,883.

Ftse Mib Future

Very short bullish trend until we see a daily close below 23.010. 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 4.170. 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. Attention, today’s closure higher than 4.170 would pass the signal to Flat. Instead, Flat on all the other indexes analyzed is in progress.

What movement to wait for Wednesday?

The decision of the FED on interest rates. The economic and geopolitical context, given the ongoing war in Ukraine, is not trivial to decipher and therefore to be estimated with high probability.

Recommended reading

Yesterday the markets on Wall Street also positioned themselves to restart higher. What to monitor?

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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Is the downturn in the markets over for now? The operational levels


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