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Today’s session is the second match point (after yesterday’s) for Piazza Affari. If today the Ftse Mib index (INDEX: FTSEMIB) ends above the threshold of 22 thousand points, next week it could register a mini rise. And perhaps close the year at the highs of the last six months.
This could be the unpredictable scenario that can occur in the stock market. But what must happen today for this to happen? This is revealed by the analysis of the ProiezionidiBorsa Study Office.
Second match point for the Milan Stock Exchange
Piazza Affari is now like a tennis player who must score 5 consecutive points to win the game. Or, with a soccer comparison, like a team that has to win the last 5 games to qualify for the next round.
The last 5 matches of the Milan Stock Exchange are the last 5 sessions. To end the year with a flourish and rallying, they must end with convincing increases.
The first session, yesterday’s, was a success. The stock market had a good rise. The Ftse Mib index closed with a gain of 2% at 21,844 points.
The unpredictable scenario that can occur in the stock market
In yesterday’s article, which usually precedes the opening of stock exchanges, they expected the index to close above the threshold of 21,660 points. This would have allowed us to keep hope alive for a mini rally end of the year.
Yesterday the Milan Stock Exchange closed well above the indicated threshold. Although the index failed to close the gap it left open in Monday’s session.
Today’s prices not only have a chance to close the gap, but also to close above 22,000 points. This scenario would help the Milan Stock Exchange to start the last week of the year with momentum and close the last three sessions in style. And maybe in the highs of the last 6 months.
Because today’s session is decisive
Closing above 22 thousand points would allow us to finish at the highs of the second semester. This could be the unpredictable scenario that can occur in the stock market. Yesterday’s close at the day’s highs bodes well.
However, we must not forget that the descent is just around the corner, as demonstrated in Monday’s session. Today the threshold of 21,500 must be maintained. If prices fell below this level, they would drop to 21,000 points.
If this scenario arises, the Stock Exchange could not close the session in a positive way. And probably, in the last three sessions of the year, prices could fall further.
Deepening
This is the multi-day analysis and the point on international markets of the Department of Studies of ProiezionidiBorsa.
