The decline does not stop and today, the recovery of the markets leaves room for fresh sales. As we will see in the following paragraphs, everything is still in line with very short and long term expectations.
Let’s go step by step.
At 5:42 PM on the trading day on May 24th we read the following quotes:
Dax future
13919
The future of Eurostoxx
3,643
ftsi ib future
23,855
S&P 500 . Index
The decline does not stop and at this stage the annual forecast can be confirmed
Below in red what are the expectations for annual fractals on the global stock index on a weekly scale for 2022, and in blue what happened untilMay 20.
Forecast for the current week
The projected sample path was as follows:
Max on Monday, possible recovery until Tuesday and then new sales at a weekly minimum on Friday. For now, the scenario is still certain.
Rebounding markets leaves room for new sales. The weekly scenario has been confirmed and could now drop by several percentage points
Below is a price chart to keep the pulse of the position:
Dax future
Very short downtrend until we see a daily close above 14.150. Continuation of the rises only with a weekly close above 14258.
The future of Eurostoxx
Very short downtrend until we see a daily close above 3.699. Only permanent rises with a weekly close above 3745.
Future Ftse Mib
Very short downtrend until we see a daily close above 24.220. Continuation of the rises only with a weekly close above 24220.
S&P 500 . Index
Very short uptrend until we see a daily close below 3.909. Only permanent rises with weekly close above 4082.
The current multi-day trading center of our trading systems
Short in progress on Dax, Eurostoxx and Ftse Mib from opening on May 23. Opening May 25th, re-opens short on the S&P 500.
What could happen in the stock markets on Wednesday?
We expect an opening at the highest levels and a close for the day at the lowest levels.
Suggestions for reading
US stock exchanges tend to look weaker, but the eyes are always on the central banks