December 8, 2022

Hardwood Paroxysm

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The rally continues in the markets and the risks seem to be gone for now. Here’s what to watch

Continue to show strength on Signal I was bullish yesterday and at the moment we can only notice that. The rally continues in the markets and the risks seem to be gone for now. What strategy should be applied from now on? Usual: in a bull market, stop-loss orders are raised from time to time, and support is monitored.

Let’s go step by step.

At 6:03 pm on the trading day on December 22nd we read the following prices:

Dax future

15,599

The future of Eurostoxx

4.206

Ftsy Mibe future

26,730

S&P 500 . Index

4.685,51.

We are in the final stages of the year

In red, our annual global stock index forecast on a weekly scale for 2021.

In blue the US markets chart until December 17th.

What were our expectations for the current week?

Minimum on Monday and maximum on Thursday. After the ups and downs, expectations were confirmed, even if trading these signals and these ongoing “trend reversals” are almost impossible.

fractal

The rally continues in the markets and the risks seem to be gone for now. Here’s what to watch

Dax future

Very short uptrend until daily close on Dec 23rd below 15.409. Only long-term negatives with weekly closes below 15,389.

The future of Eurostoxx

Very short uptrend until daily close on Dec 23rd below 4.149. Long-term cons only with weekly close below 4059.

Future Ftse Mib

Very short uptrend until we see a daily close on Dec 23rd below 26.410. Only continued rises with a weekly close above 27315.

S&P 500 . Index

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Very short uptrend until we see a daily close on Dec 23rd below 4583. Only long term negatives with a weekly close below 4540.

Signal Multi-Day Trading App:

Opening a long position on the analyzed indicators at the opening on December 23.

How can the trading day be carried out on Thursday?

Opening on lows and closing on highs. Caution and underweight are recommended as volumes will drop between now and the end of the year, so volatility could rise and lead to ongoing reversals.