June 13th, Daily Report

More falls, volatility and an important attack to support areas. These are the players we have in a market with fear of a return to economic normality, without central banks' cheap money.

The United States indices cut yesterday, on average, nearly -1%. The reduction in growth forecasts by the World Bank for the vast majority of economies (also emerging) has led to a significant increase in volatility and a decline in equity markets. In the Asia-Pacific, the Japanese index Nikkei has fallen -6,35%. Meanwhile, the rest of region indices also show widespread cuts, but less pronounced (-1.9% on average).

The session begins in the old continent with sharp declines in all indices. We will not have significant macroeconomic references in Europe, but in the U.S. remain vigilant to the publication of requests for unemployment, which are expected to be placed in 345,000 requests compared to 346,000 last week (this may be the most relevant data of the session, so it can lead to significant movements both in equity markets as at junctions of dollar). We will also know, this afternoon, the retail sales in the U.S. last month, which are expected to improve slightly. The downward movement has been, and is being, very important: increase attention to relevant support levels, because if they resist we are seeing some discounts really interesting in the stock market.

S&P 500

The American index is framed in the bearish channel that I had already presented. After recent declines, we must remain vigilant to the support of the channel, because if bulls do not return to take control again, the index may descend more, but we have to see if there is a rebound, which I think is possible to happen, as this 3-day losing streak has already been the worst of the year.

Nikkei

New crash in the Japanese index. The tremendous declines of this morning have made stop the value in the 50% of Fibonacci. However, I continue to see a clearly bearish outlook and quite likely that, with maximum volatility, the index may reach the level of 11500 points. While not returning to ​​the bullish trend, there is a high probability of new crashes in the Nikkei.