Piazza Affari stumbles, but does not give up: is the recovery imminent?

Last Friday's closure had a short life for the European stock markets, which are losing ground today, closing the stock markets in red. The worst performance is that of the Ftse100 which sold at 1.17%, while the Cac40 and the Dax30 fell by 0.88% and 0.55%

Ftse Eb: first the split and the recovery of the low

The conclusion of Piazza Affari was also negative when the Ftse Eb finished trading at 21,427 points, down 0.92%, after having scored a maximum of 21,534 in intraday and a minimum of 21,168 points.
The blue chip index began trading with a gap-down that was not completely closed, closing rather the gap last Friday, with a fall down intraday on Wednesday last, still a short distance from the bottom of the year marked May 29 last at 21,122 points

In accordance with what has already happened previously, when the courts approached these values, they succeeded to give life to a recovery, confirming the desire of the market to defend at least for the moment the area of ​​21,100 / 21,000 points.

Reactions for the moment have been rather limited and have led to draw the sharpest declines, so it will be important that the Ftse Mib give life to a stronger and more convincing recovery to ward off the risk of "bad credit". a violation of the recent background.

On the upside the next hurdle is in the 21.500 / 21.600 zone, after which it will likely be likely to witness a 21.850 test before an all go to the psychological threshold of 22000 points
In case of upward breach of this last level, the Ftse Mib will have the opportunity to extend the recovery towards the 22,500 area, from which stems the last bearish step after recovery after the last low of May 29th.