Yesterday saw two different behaviours for FTSE Mib and S&P 500. First of all let me know that yesterday I reported wrongly the volume on the FTSE Mib, that was increasing instead of decreasing. That means there are still sellers out there (side note: for the sake of transparency, I will let reported the original comment and add the new comment in the technical analysis section). The good thing is that yesterday action was again bullish, which sustain my long bias. The candle went near lows without breaking and closed the day higher on high volume, locking in sellers in the previous day. This is a good action that needs some low volatility confirmation, but it would be safe looking for long positions on Italian stocks. Indeed, I have a long position on Moncler (MONC.MI) that is paying well, although yesterday's volume was very high on a long spread candle. Market doesn't usually like this kind of candles and could test the presence of sellers. A low volume signal in the area 11.34-11.85 would provide a good long entry. What makes me wondering is yesterday's action on the S&P 500. To start looking for long entries on US stocks, I would have preferred a higher closing after that pin-bar. That said, yesterday's candle could hide some buying, so today's action will be important, but sellers are still there. To have a confirmation of the long bias we need a low volume down day. Since there is some mixed signal, I would stay on the sideline for the moment (because of the index's action and because I didn't find a good setup on US stocks I'm watching),