The MIB went back and forth during the course of the week, essentially settling on a slightly positive candle. With this being the case, we believe that
The MIB went back and forth during the course of the week, essentially settling on a slightly positive candle. With this being the case, we believe that it’s only a matter of time before we break out to the upside though, as the market looks prone to go higher given enough time. Ultimately, we feel that the market should then go to the 24,000 level given enough time. We believe the pullbacks will continue to find plenty of support below, and as a result we are buyers of dips as well.
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.
