I shorted FtseMib at $24542. I'm reloading my short at this level $24225.
My Final targets at $21225 & $20250. SL at $25200
Reasons: ECB raising rates, recession incoming: less production and less consumptions --> lower dividends. FTSEMIB had a rally recently, that it's not driven by FA. So, I'm expecting a correction during the first semester of 2023. In Addition, Italy will be the most exposed country to recession in the Euro zone. (recent IMF and ECB analysis claims).