The MIB as you can see went higher during the course of the day on Tuesday, filling the gap from the Monday selloff. With this, if we can get above the
The MIB as you can see went higher during the course of the day on Tuesday, filling the gap from the Monday selloff. With this, if we can get above the 22,000 level, we would start buying again. This would of course show a significant amount of momentum being built up to the upside, and as a result we would have to start buying. We have no interest in selling at this point, simply because if you are looking to short this market, you have missed the move at this point. However, a resistant candle above could change our opinion of that.
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.
