Economy

Tomorrow the markets will decide whether to rise or continue to decline

The week begins with a correction, after trying to rise several times during the trading day.

What are you waiting for from now on?

Our view is as follows: the markets will decide tomorrow whether to go back up or continue down, and then we will understand if there is or not. Prerequisites to leave the last lows behindI.

At 8.10pm on the trading day on October 11th we read the following prices:

future dax

15.143

The future of Eurostoxx

4.046

Ftsy Mibe future

25,565

S&P 500 . Index

4.383,34.

The annual fractal had been forecasting declines for several weeks

In red our annual forecasts for the weekly Global Equity Index for 2021.

In blue, chart US markets through October 8.

According to forecasts, this movement could continue for several months.

What is the forecast instead for the week that has just begun?

There is no high probability of getting reliable forecasts and it will continue day in and day out. However, our indications are that by tomorrow there will be sufficient clarity of what awaits the markets for the next 7/10 trading days.

Tomorrow the markets will decide whether to rise or continue to decline. Levels to be monitored

future dax

An upside move until we see a daily closing below 15.076. Only long-term rallies with the October 15 close above 15253.

The future of Eurostoxx

Uptrend until the daily close below 4.029. Permanent increases only with close on October 15th above 4089.

Future Ftse Mib

An upside move until we see a daily closing below 25.460. Permanent increases only with close on October 15th above 25930.

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S&P 500 . Index

An upside move until we see a daily closing below 4.374. Only lasting gains with the October 15 close above 4.430.

What multi-day trading hours should be kept for Tuesday?

Stay tuned for developments. An extremely short position is uncertain and therefore the advice remains to wait for developments while waiting to take a net trading position from a multi-day perspective.

Thelma Binder

"Explorer. Devoted travel specialist. Web expert. Organizer. Social media geek. Coffee enthusiast. Extreme troublemaker. Food trailblazer. Total bacon buff."

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