Ftse Mib: up at the end of the race for now. The most interesting titles

The Ftse Mib is trying to get the year's highs updated again in recent days. What to expect in the short term?

The Ftse Mib upside was certainly impulsive and occurred within a medium-term uptrend trend.

After a short neutral phase we witnessed this new bullish leg, with a decisive movement that led to a fairly direct test of the main technical resistances in the 24,000 area.

The Ftse Mib reached a maximum of 23,800 points and this happened within two weeks, so given this impetuous rise, the scenario of a consolidation at this time is the most probable.

A framework of this type can be associated with the concept of profit taking and not with a trend reversal.
The Ftse Mib trend is well defined, but on the weekly chart we note a doji, that is a candle that heralds a phase of market indecision.

Even if the maximums are exceeded, the most probable scenario is that there will be a stop of the index at the test of 24,000 points.

At this time, therefore, starting new long positions is certainly an unfavorable operation from a risk-return perspective.

This is because it is easier for there to be profit taking that would see the first strong supportive barrier in the area between 22,500 and 22,800.