Do not claim victory in the stock market yet!

The stock markets have been in a corrective process for several weeks that should not surprise anyone since it was sung and I am clear that it is a simple pause prior to a continuation of their upward trend. Based on that, this each should be seen as an unbeatable opportunity to buy equities, but all in due time and following a roadmap.

In this sense, this week I have recommended in Ecotrader make first purchases, taking advantage of the fact that the EuroStoxx 50 has reached the 3,980 area and the Nasdaq 100 around 14,385. These levels are important since they correspond to the first supports that we monitored and that they coincide with what would be an exact replica of the last each that both indices developed. In the EuroStoxx we have seen so far a correction in intensity equal to the one we saw in summer, while in the Nasdaq the fall has been identical to the one that developed between May and April.

At these theoretical supports, it does not surprise me that the stock markets try to bounce and try to lay the foundations for an upward turn that wants to continue their main uptrend, something that I fear is going to be complicated and that could still take more time. before it happens. In fact, I am not in favor of claiming victory yet and I do not rule out that we can still see another bearish segment that deepens towards the 13,800 / 14,000 of the Nasdaq 100 and 3,800 of the EuroStoxx. Ah recommend making new purchases.

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