Tomorrow Square Business
The next session is not expected macro data relevant to America where they awaited the minutes of the FOMC, and it is reported the start of the season of corporate earnings. Securities to keep an eye on the domestic market.
Starting the week positive for European stocks that after the long bridge linked to the Easter holidays have lived today a session all uphill . The DAX30 gained 1.3%, while the CAC40 and FTSE100 have appreciated 1.52% and 1.88% respectively.
Very well Piazza Affari where the FTSE MIB ended trade at 23,706 points, up 1.71%, after touching a high of 23,736 and a minimum of 23 477 points. The index began trading already uphill and after passing the area of 23,500 points has gone slightly above 23,700.
The market confirms its excellent intonation and demonstrates once again that at the moment there appears to be scope for the bears. With the rupture area of 23,500 the FTSE MIB now appears headed to the threshold of 24,000 points, the achievement of which may also impose a break before new ascents. If the index were to show further strength from now, there will be room for further progress in the direction of 24,500 / 24,600 points, level not seen since late 2009.
Any retracements at this point will a first support area 23,500, below which the focus will shift about 23,300 / 23,200 and then 23,000 points, at which there should be a resumption of purchases. Failing that will be put into account folds largest at the 22,800 / 22,700 and in the direction of 22,500 points at worst.
currently attach greater chances of realization the bullish scenario, given the setting of the market as a prelude to further progress in the short, doing anyway attention to the risk of a possible correction that could arrive at any moment .
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