Last week we had been titled the report: “unstoppable”. The bull race has continued and at present there is little to add.
Let’s look at the situation in detail:
FTSEMIB: rating still BULLISH since December. The resistance at 22800 has been broken and now becomes a short term support. 24,000 points as a Christmas target, hypothesized the last week, is approaching.
DAX30: Trend very pulled. A pullback would now be physiological and would not be surprising.
S&P500: The bull par excellence, we have defined it. To look for short you get hurt. BULLISH.
BUND: Last week we wrote: “The BTP should have some greater appreciation space towards the resistance shown in the figure.” So it was. The Bund heard the resistance. Now the climb is also complicated for BTP. Is it time to turn it off a bit?
EURO DOLLARO: Following the failure of the support there was an attempt to react but too shy, if 1.1740 was not recovered immediately, the bearish target will remain at 1.14.
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