Italy 40 Index - CAPITALCOM:IT40
Made up of 40 of the largest companies in the Italian equity market the Borsa Italiana , the IT40 gives us an idea of how the 3rd largest economy in Europe is performing.
The Chart
- 22 month cycles
- 22 months increasing and then decreasing
- Based on the pattern we are reaching the end of a 22 month period where price is...
Ten years after rescuing the euro with the iconic "Whatever it takes", Mario Draghi resigns as Italian Prime Minister, as the political parties that formed his majority no longer backed him.
The uncertainty surrounding the upcoming general election reigns supreme, and the political crisis in Italy risks putting further downward pressure on the Italian FTSE MIB (...
The Pandemic is not over yet.
But the decline of the Italian stock market has stalled a little.
Are we going to see further declines?
The Chaos Indicates towards a higher chance of a Wave 5 Down.
If it breaks below the box, it is quite possible that it might drop to test the previous lows
Followed by Target 2 which is TZ1 @Fib Exp [ 1.62
