Trade Alert
Short-term idea
FTSE MIB now got back below the medium-term downside resistance line taken from the highest point of May. This now raises concerns over the upside potential of the index, at least in the short run. In order to start examining lower levels, we need to see a drop below the 19220 area, which might clear the path towards lower areas.
In order to please the bulls again, the index has to get back back above the 19630 barrier, at least. This way we could start targeting higher resistance zones.
Don't forget your SL.
Short-term idea
FTSE MIB now got back below the medium-term downside resistance line taken from the highest point of May. This now raises concerns over the upside potential of the index, at least in the short run. In order to start examining lower levels, we need to see a drop below the 19220 area, which might clear the path towards lower areas.
In order to please the bulls again, the index has to get back back above the 19630 barrier, at least. This way we could start targeting higher resistance zones.
Don't forget your SL.