FTSE MIB (short Idea)
Hi,
I have in mind 2 scenarios.
Currently
FTSEMIB is at the upper band of the BB, very close to its resistance level. I think it will be rejected and approach the support (1st rectangle area).
At this point,
IF global market conditions will be good and expected (and I mean
SPX + Eurozone Interest rate), then FTSEMIB may rebounce from this area and try to break the resistance line. [scenario A]
IF global market conditions will NOT be good and SPX will be rejected from its trendline, thenFTSEMIB may retest the 2nd support area.
events noted: Today Lagarde's speech and on 2nd Feb the Eurozone monetary policy
I have in mind 2 scenarios.
Currently
FTSEMIB is at the upper band of the BB, very close to its resistance level. I think it will be rejected and approach the support (1st rectangle area). At this point,
IF global market conditions will be good and expected (and I mean
SPX + Eurozone Interest rate), then FTSEMIB may rebounce from this area and try to break the resistance line. [scenario A]IF global market conditions will NOT be good and SPX will be rejected from its trendline, then
FTSEMIB may retest the 2nd support area. events noted: Today Lagarde's speech and on 2nd Feb the Eurozone monetary policy
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