This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... .zip (with PDF`s) @ my Google Drive In percents away from all-time high & low by last close (57 Share Indices) drive.google.com Best regards :) Aaron
The overlay shows very similar price action in the three months running into the referendum. The only difference is that the MIB appears to have passed it's low point and is on the way back. Remember that a few weeks after the Greek referendum there was the huge crash of 24 Aug 2015.
With the choppyness and slightdowntrend recently INDEX:MIB is going to see a bullish jump basic support and resistence along with the TL being broken shows a reversal (OVERSOLD). Price is well below the 50 and 20 EMA
Friends, A confluence of technical hurdles is likely limiting any immediate upside potential in the Italian MIB Index, based on the following set of observations: 1 - ELLIOTT WAVE + GEO: In the most recent past (12-19 OCT 20009), price rallied to complete Elliott Wave's 4th wave, completing its corrective swing at 24558.00. This became a spring board from...
MIB shows signs of a downtrend (again). Around 17300 we expect a rezistance with higher volatility due to BREXIT. INDEX:MIB [/symbol MIB is mainly driven by low-quality titles from the bank sector. We expect reaction to the downside with quite interesting RRR of almost 3. More you can find and learn free on UncleTrader.com .
market mover grexit but Italy stock is the best index YTD 2015 and go on ...solved Grexit
The Big Bubble ... as every time this time is different ... it's true this time the outbreak was unprecedented... QE effects from the beginning - start end 2008 S&P(orange) +186% - USD/JPY +22% USD/EUR +15% Nikkei (blue Mountain) +165% JPY/USD -22% FTSE100(blue points) +80% GBP/EUR +21% GBPUSD+3% DAX(green points) +201% EUR/USD -15% MIB Italy( brown points) +46%...
IBEX35 / FTSEMIB Spread shows a beautiful head & shoulders pending to be confirmed.
While all equity markets ( DAX - SP - and today FTSE 100) are in the highest level of ever index Italian is just 2.50% up from high 2014 with a devaluation of eurusd of 20% ... also financial bubbles reflect some economic fundamentals..the italian economic is stuck at 0 % of GDP , and shows no signs of recovery...MIB index on which to speculate , and sooner or...
TF15 resistance at 22920 not broken, movements in closing GAP 22565 once exceeded MA50 and MA100
Spread between the equity markets (S&P - Dax - MIB) - crude oil - eur usd who won with the excuse of the crisis ...!!