Italy40 Bear trend
Italy soared today based on mere positive unemployment data regarding Spain (due to the countries having more or less same situation/economical foundation).
But these data does not have anything to do with Italy.
As the ADX shows, the Italian index goes up today but without an indication of a strong trend. This could show us, that the index will go down again.
If the Italian index will go down tomorrow, this week or the coming week is not important, IT WILL GO DOWN - ITS THAT SIMPLE.
The Italian economy simply can't handle the increasing interest rates from ECB + the situation regarding inflation.
An economy based on tourism will suffer when all the tourists have to save on travels and use that money on electricity bills instead.
Again... IT WILL GO DOWN - ITS THAT SIMPLE.
But these data does not have anything to do with Italy.
As the ADX shows, the Italian index goes up today but without an indication of a strong trend. This could show us, that the index will go down again.
If the Italian index will go down tomorrow, this week or the coming week is not important, IT WILL GO DOWN - ITS THAT SIMPLE.
The Italian economy simply can't handle the increasing interest rates from ECB + the situation regarding inflation.
An economy based on tourism will suffer when all the tourists have to save on travels and use that money on electricity bills instead.
Again... IT WILL GO DOWN - ITS THAT SIMPLE.
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