ITALY PREPARING FOR NEXT LEG TO THE BULL MARKET

The Italy 40 index, or the FTSE MIB, is considered the benchmark for the national Italian stock exchange, the Borsa Italiana. The index consists of the 40 most capitalized and liquid stocks that are listed on the Borsa Italiana.

The IT40 now seems to have begun rising in what is expected to be the wave iii of 3 for the index. This particular wave is expected to take the index towards the 40K mark from the current 29k mark(a hefty 40% move).
The index of the European country is one more global index to be added to list of several others on the move in a bull market that can go on for several more years to come(of course with regular corrections and pauses on the way).

Note*- This chart is for educational purpose only