Quick observations on the charts that caught our eye this week.
This week’s flash covers Nikkei 225, EUROSTOXX50, DAX and Brent.
Brent loses 12.0% and breaks the support at 96. EUROSTOXX50 (+0.52%) and DAX (+0.87%) close positive: DAX outperforms, but both European indices show a range narrower than last week and closes far from the weekly highs. Nikkei 225 closes at +4.72% with new all-time records on both high and close.
Let’s dive a bit deeper. [...]
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A short week for Memorial Day, but a week of records. And not only on price.
The S&P 500 closes at 7,580.06, a new all-time closing high. The weekly high at 7,599.38 also prints the new intraweek record, surpassing the 7,517.12 of two weeks ago.
On the bullish counts, the 25-year record is matched: consecutive weeks with a positive body rise to 9, a level reached only 4 times. Consecutive weeks with higher closes also rise to 9, a threshold reached only twice in the same period.
The push comes from a favorable macro context, particularly on the geopolitical front, with the week’s newsflow feeding an already euphoric market phase.
Let’s look at the details. [...]
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Weekly monitoring of the Italian benchmark index.
Why do we do it?
Check our strategy page.
My proprietary DBBT indicator identifies misalignments between the current price and the expected technical level on the main indices.
Every week, the FTSE MIB is in our crosshairs.
The hunt is on.
A positive week for the FTSE MIB, with a close at 50,036.75, 525.78 points (+1.06%) above the previous close.
The rise is a matter of fact. It occurred, however, within a compressed range: the weekly excursion of 927 points stands among the narrowest of 2026.
Dividends still weigh on the cash. The future, free from this effect, closes at 49,995, less than 100 points above the previous week’s close.
The break above 50,000 on the cash also needs to be put in context. The high recorded two weeks ago was already at 50,050. The formal breakout arrives on levels already touched recently, without a clean break.
The overall picture is one of a market maturing slowly. The bearish scenario still holds room, but week after week brings a small step forward on the opposite front.
The scenario outlined last week did not materialize. The system remains short.
Let’s look in detail at what the indicators are telling us. [...]
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Quick observations on the charts that caught our eye this week.
This week’s flash covers Brent, EUROSTOXX50, DAX and Nikkei 225.
The week’s open seemed to favor the bears, but by Friday’s close the technical picture is unchanged. Bull resilience on the indices, which show technical excess but hold near the highs, building the base for the break. Brent goes the other way: after weeks of attacks on the bear zone, a first clear sign of weakness arrives.
Let’s go a bit more into detail. [...]
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New week, new all-time closing high for the S&P 500 at 7,473.47.
However, the record wasn’t accompanied by a fresh intraweek high above the 7,517.12 printed last week: weekly high capped at 7,506.32.
An unusual record, then, that breaks the 6-week streak of higher highs and higher lows.
Let’s look at the details. [...]
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Weekly monitoring of the Italian benchmark index.
Why do we do it?
Check our strategy page.
My proprietary DBBT indicator identifies misalignments between the current price and the expected technical level on the main indices.
Every week, the FTSE MIB is in our crosshairs.
The hunt is on.
A week of recovery for the FTSE MIB, despite an opening weighed down by the ex-dividend payments of several index constituents.
Monday’s initial gap down purely reflected the technical adjustment tied to the dividend payments. Tuesday brought the only truly negative session, closing at 48,354.89, more than 760 points below the previous week‘s close.
Wednesday flipped the sign. A markedly bull session recovered the losses of the first two sessions in one move. Thursday and Friday followed with openings close to the previous day’s close and contained variations.
The weekly close at 49,510.97 is 394.50 points (+0.80%) above the previous close.
The negative swing the system was waiting for did not materialize. The week that was supposed to deliver the first confirmation of BCP3’s decline closed in positive territory, exactly the condition the previous conclusion flagged as critical for the short scenario to hold.
Let’s look in detail at what the system’s indicators are telling us, to understand whether this close actually compromises the scenario or whether room still remains for it to materialize. [...]
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The S&P 500 returns as Chart of the Week for the third time in five weeks. In the COTW two weeks ago the market was at a crossroads with the Short system down roughly 65 points and the MA200W overextension at 34.94%. In last week’s Charts Flash the crossroads had resolved to the upside with the fifth consecutive week of higher highs and higher lows.
This week the S&P 500 is the only index to have posted a new all-time high on the weekly high (7,517.12) and to have also set a new closing high at 7,408.50, up 9.56 points. Let’s see what the indicators have to say. [...]
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Quick observations on the charts that caught our eye this week.
This week’s flash covers Brent, EUROSTOXX50, DAX and Nikkei 225.
Silver is close to a Short signal. Natural Gas is close to a Long signal.
Gold and Bitcoin remain without relevant changes.
Let’s try to go a bit more into detail. [...]
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Weekly monitoring of the Italian benchmark index.
Why do we do it?
Check our strategy page.
My proprietary DBBT indicator identifies misalignments between the current price and the expected technical level on the main indices.
Every week, the FTSE MIB is in our crosshairs.
The hunt is on.
A choppy week, resolved only in the final session.
For four sessions, the FTSE MIB traded within a nervous range without giving clear signals. On Thursday, a gap up and a strong acceleration pushed the index above 50,000 points, in what looked like the decisive breakout to invalidate the system’s short position.
Friday’s session, however, flipped the reading. A heavy day in percentage terms, developing almost entirely below Thursday’s levels, with just a few points separating the open from a technical gap down. The FTSE MIB returned to Tuesday’s levels, closing at 49,116.47, slightly below the previous week‘s close (-0.35%).
The system therefore avoided a technical invalidation, but it remains to be seen whether Friday’s action is enough to fuel, in the coming week, the reversal that has been overdue for weeks now. [...]
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Quick observations on the charts that caught our eye this week.
This week’s flash covers EUROSTOXX50, S&P 500, Nikkei 225 and DAX.
Gold and Silver remain flat with no relevant changes and are not updated.
The EUROSTOXX50 closes at +30 points on the week, with a sharply expanding range that fails to produce direction.
The S&P 500 closes its fifth consecutive week higher: +168 points (+2.33%).
The Nikkei 225 prints a +5.38% gain in a week reduced to two sessions due to holidays.
The DAX closes the gap down on the February 27 low, but the upper shadow tells the story of a decisive bearish reaction at the highs.
Let’s dig a little deeper. [...]
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