Some thoughts long-term.
Current pullback is from 138% of the wave ((B)). Impulsive move is likely in its fourth wave. Looks really scary going forward when the impulse is complete around 2023
INDEX:FTSEMIB
Il FTSEMIB ha avuto una settimana negativa in ribasso del -2.08%
Per la settimana venire ci aspettiamo un consolidamento tra 26.050 e 25.750
Indicatori
L’indice ha effettuato un leggero ritracciamento fino alla forte area di supporto, il prezzo potrebbe ora consolidarsi per poi rompere uno dei due forti livelli tra 26.050 e 25.750: uno scenario...
Hello all, today I would like to share this analysis about the FTSE MIB index. A like would be appreciated; now, let me describe my strategy.
1. The horizontal line at the bottom seems to form a good support: it was touched several times in the last 20 years, but it hasn't been surpassed by any bar. Unfortunately, the "First resistance" line kept the index low...
📍 This diagram comes after the conversation with @lu1977hk, and is no more imaginative than the positional flows across the global equity board.
In Italian Equities the initial offensive targets for sellers come in at 18,466; 17,643 and 16,819 from a "fibs perspective". The connection of further downside in European and Global Equities is more or less the same...
FTSE MIB continues on its way down to new lows. In the shorter term view, it seems to have finished, or nearly so, minute counter-trend wave 2. The next move should be minute 3, where the most probable target is is below 17,000. If prices crosses up 20,400, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
FTSE MIB seems to be tracing intermediate wave (C ) up that will complete primary wave 2. Most probable target before the trend is reversed lyes in the range 20,350 - 21,200. A move below 17,600 would indicate the trend already reversed. FOLLOW SKYLINEPRO TO GET UPDATES.
The Italian stock index recently concluded cycle wave 2 counter trend up and it is developing primary wave 1 down. The current upward movement is a counter trend that could be labeled intermediate wave 4 or primary wave 2. The log-term forecast is the same in either cases, after this counter trend up the index should go for a long-term downward path. FOLLOW...
here is the overwelming performance of enel against the italian stock mkt
today enel weights 19,3% of the index
on march 20 reshuffle day enel MUST be capped at 15% as per index rule
so enel will loose some 4% in weight , this means that for every basket long against the future or etf replicating the index 4% of the value will be...
INDEX:FTSEMIB is clearly in a multiple years Sideways Market. I'm bearish with all the italians markets.
Only yesterday I've shorted the index on IB . Today I've opened a Sell PUT Option.(looking forward to build some other strategy on this one).
The next support is at 16% drop.
Two facts making me belive that a short position is the right thing to do.
Italy is in huge difficult to contain the coronavirus. They will lock entire cities and regions in the next week. The economy isn't string at all.
“FUZZI” E “FIBO”
Un’accoppiata fantastica, l’indice ha superato, almeno per ora, discretamente bene area 23500, resistenza importante. “Tenere” questo livello come supporto renderebbe abbastanza fattibile il livello “tondo” 24000 prima e 24500 poi, con obbiettivo di medio lungo i 25000.
Politica permettendo, l’indice sembrerebbe orientato al rialzo.
