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IL Ftse Mib conferma il recupero di 22300. I volumi di scambio però sono molto bassi.

The compilation of the levels of support to encourage the NYSE market to support the purchases, although trading volumes are currently very low. The scenario remains unchanged with the possibility of easing the side for the next sessions. The objective remains fixed 24200/500 area for the coming months.

(click to enlarge)

(click to enlarge)

The compilation of the 1300 points on the S & P 500 NYSE in yesterday's session was very important, and allows the our market to remain above the area of \u200b\u200b22300 points, confirming the current uptrend that takes us from the beginning of the year. Let's take a look at the technical scenario in a broader horizon. The index has recovered in January, the bullish trendline secondary originated at the end of May 2010 (which can be regarded as a kind of interpolation of market fluctuations over the last nine months), and carried out after the breakout of the bearish trend line that begins with maxima in October 2009. After its peak at an altitude of 23,273 points in February, the index has achieved a pullback to test the bear, which is to be interpreted as a new test of the secondary bullish (green) and the base of the positive trend in the short term. This movement had been well anticipated by a bearish divergence on the RSI 14, which is subsequently released from overbought. The range of values \u200b\u200bbetween 21650 and 21800 is the critical point for a possible worsening of the scenario. Looking at the weekly chart you can see very well the release of the index from a symmetrical triangle with the mid-term summit 21000, and the technical pullback on the figure in response to test upper secondary bullish channel around 23,300 (23,273 built). Situation therefore neutral and mildly positive for the medium and long term, that could worsen significantly only in the event of return under 20800/600 points. Strong band of resistance to static 24200/500, which could be the next target in the case of tight 21650/800.