The MIB as you can see fell during the course of the session on Tuesday, testing the lows for Monday. However, this looks like a market that is simply
The MIB as you can see fell during the course of the session on Tuesday, testing the lows for Monday. However, this looks like a market that is simply trying to consolidate in the short-term, in order to break out above the highs at the 24,100 handle. We have no interest whatsoever in selling this market, as the move recently has been very bullish, even if it has been very tight. Ultimately, we believe the breakout is coming and that the market should then reach towards the 25,000 level given enough time. We continue to think European indices are going higher.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
