We have not yet fallen into temptation

We leave behind a week in which we have highly valued in Ecotrader the possibility of reducing the exposure to the stock market, which has long been at the highest levels since the portal of investment strategies of the Economist, but finally we decided not to fall into temptation. We did not do it because we were stubborn, something that would not be surprising because of my Aragonese ancestry, but because at no time the supports that we suggested to watch, such as the 3,706 of the EuroStoxx 50 and the 3,250 of the S&P 500.

So, we continue in our thirteen that while these supports are still standing, we can already raise them to the minimum this week in the 3,745 of the Eurostoxx 50 and 3,265 of the S&P 500, could still subtract a new bullish pull on the bags, which could take the Eurostoxx 50 to the area of ​​the 3,836-3,900 points.

There we would be in favor of starting to partially collect benefits since we are aware that at any time the bags will choose to correct part of the rally which began last August, which is what we suggest waiting to take new positions in the stock market.

This fall would be seen as a great opportunity to get on an uptrend that still has at least one 7-10% travel. This is so to the extent that we consider it very unlikely that we can see a market ceiling as long as the DAX 30 does not reach its growing long-term resistance, which currently runs through the 14,500.

Know your investor profile:

Know your investor profile:

Cam

For readers who want more: Ecotrader, the investment strategy portal of 'elEconomista'