Markets that continue to alternate mixed signals from day to day but tomorrow could be decisive


Markets that continue to alternate mixed signals from day to day. There is fear and confusion and it is not possible to understand where and what will happen with this pandemic. In the meantime we return to discuss inflation and the economic cycle. To these doubts is added a lateral phase of prices for several weeks. What to wait from now on? We can only repeat what was written in last night’s report:

“Prices continue to move horizontally and the oscillators have flattened out and so until a new momentum explosion occurs they will be hardly indicative.” Where will this phase lead? Difficult to think in a perspective of 1/2 days imagine in that 7/10 days and beyond!

At 8:50 pm on March 3 we read the following prices:

Dax Future

14.023

Eurostoxx Future

3.696

Ftse Mib Future

22.955

S&P 500 Index

3.835.

These prices seem to repudiate yesterday’s rise, but tomorrow we will wait for confirmation or denial.

Our annual fractal projects upward through March

In red, our annual forecast on the global weekly stock index for 2021

In blue the chart of the American markets up to February 26th

What to wait for tomorrow and the next few days?

Markets that continue to alternate mixed signals from day to day but tomorrow could be decisive

Dax Future

Very short bullish trend. New declines only with the daily close of March 4th below 13,920. Lasting bullish reversal with only a week close of March 5th above 14,069.

Eurostoxx Future

Very short bullish trend. New declines only with the daily close of 3 March below 3,685. Lasting bullish reversal only with a week close of March 5th above 3.727.

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Ftse Mib Future

Very short bullish trend. New declines only with the daily close of March 4th below 22,810.

S&P 500 Index

Very short bullish trend. New declines only with the daily close of 4 March below 3,841. Lasting bullish reversal with only a week close of March 5th above 3,929.

Which trading strategy for tomorrow?

Flat multidays awaiting operational developments on Dax, Eurostoxx, Ftse Mib Future and S&P 500.

As usual, we will proceed step by step.

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