MIB Index Futures Forecast December 3, 2012, Technical Analysis

Milan had a relatively quiet day on Friday, but did show weakness and the 16,000 level. Because of this, it is very likely that we will see a pullback over the next couple of sessions, perhaps for as much as 400 points. This market is very choppy and therefore very ugly – exactly the type of market we are not interested in on the whole. With that being said, we will more than likely stay on the sidelines going forward, at least until the market makes some type of clear move in one direction or the other.