Weekly monitoring of the Italian benchmark index.
Why do we do this?
Check out our strategy page.
My proprietary DBBT indicator identifies misalignments between current price and expected technical level on major indices.
Every week, the FTSE MIB is in our crosshairs.
The hunt is on.
The rally is not slowing down.
The FTSE MIB closes the week at 48,869.43, a new multi-year closing high, with a high of 48,957.89 also a record. Roughly 1,260 points above last week’s close.
In our latest analysis we flagged potentially toppish conditions and the system had gone flat.
The market responded with yet another strong rally week, the third consecutive one with higher highs and higher lows.
As always, let’s dig into what happened and what the numbers are telling us. [...]
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