FXEMPIRE
All
Ad
Corona Virus
Stay Safe, FollowGuidance
World
20,026,186Confirmed
734,020Deaths
12,900,661Recovered
Fetching Location Data…
Advertisement
Advertisement
Christopher Lewis
mib

The MIB as you can see initially tried to rally during the course of the session on Friday, and then turned back around to form a shooting star. We also formed a shooting star on Thursday as well, so it appears that we will probably pull back from here. However, there is also a significant amount of support just below, and we have been consolidating just below the major resistance barrier in the region of 24,000 to try to build up enough momentum to break out to the upside and continue the longer-term uptrend.


 

MIB Forecast August 17, 2015, Technical Analysis

Advertisement
Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All

Trade With A Regulated Broker

  • Your capital is at risk