The MIB bounced off of the 21,600 level at the beginning of the week and then broke well above the 22,000 level. We believe it’s only a matter time before
The MIB bounced off of the 21,600 level at the beginning of the week and then broke well above the 22,000 level. We believe it’s only a matter time before he reach towards the 22,800 level, and then perhaps higher than that. We think that overall this market is going to be bullish, but we recognize that there probably might be a bit of volatility. With this, we would prefer to trade the MIB off of short-term charts to the upside. We have no interest in selling simply because we have seen so much in the way of support just below.
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.
