Because the stock exchanges will continue to rise. Focus on ENEL, Generali and Stellantis?

When everyone was looking down, close to our October 17th setup deadline day, the markets turned up as expected.

Why will the stock markets continue to rise? In our opinion, everything that could become negative in the next 6/12 months had been discounted. Furthermore, in the opinion of the analysts’ opinions, high levels of undervaluation had been reached by many leading actions of the international lists.

If our view turns out to be correct, the 10-year low was marked in 2022, and there will be room for an uninterrupted rise for at least 5 years.

However, phosological drops will be expected from time to time around 10/15%, but the worst from now on could be behind us.

2021/2030 projection on the trend of international markets

This view will be revised from time to time, and prices and certain levels will be monitored at the same time.

Let’s go back to the short term.

After a rather nervous day, after the ECB’s rate hike of 0.75%, the stock exchanges are back on the upside. At 5.15 pm the prices mark the following levels:

Dax Future

13,258

Eurostoxx Future

3.612

Ftse Mib Future

22,515

S&P 500 Index

3,836.93.

The upside should only be at the beginning

If the supports hold up from time to time, the climb could continue until December for at least another 10/15% from current levels.

Tomorrow the week should close around the highs

Expectations met, and now if something does not change tomorrow, the week will close up.

Why will the stock markets continue to rise? The prices that will keep the very short rise intact

Dax Future

Very short bullish trend until we see a daily close below 12.760. Lasting downsides only with the close of next week below 12,390.

Eurostoxx Future

Very short bullish trend until we see a daily close below 3.469. Lasting downsides only with the close of next week below 3,355.

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Ftse Mib Future

Very short bullish trend until we see a daily close below 21.465. Lasting downsides only with the close of next week below 20,750.

S&P 500 Index

Very short bullish trend until we see a daily close below 3.799. Longer downsides only with the close of next week below 3.638.

The light is green for further hikes, and supports will be monitored day by day.

In the next few days we could see further accelerations of ENEL, Generali and Stellantis shares, which according to analysts’ estimates have formed interesting graphic signals, and according to the consensus are still undervalued by at least 20/30%.

We invite you to carefully read the Warnings regarding this article and the responsibilities of the author, which can be consulted HERE”

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About Eric Wilson

The variety offered by video games never ceases to amaze him. He loves OutRun's drifting as well as the contemplative walks of Dear Esther. Immersing himself in other worlds is an incomparable feeling for him: he understood it by playing for the first time in Shenmue.

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