The MIB fell during the session on Wednesday, losing 0.88% by the time the markets closed. With that, we feel that the market is more than likely going to
The MIB fell during the session on Wednesday, losing 0.88% by the time the markets closed. With that, we feel that the market is more than likely going to pull back a little bit to try to find buyers, and when it does we feel that they will in fact appear. We need to see some type of supportive candle in order to start going long, and when we do, we are more than willing to hang onto the trade as we believe that the MIB will be a longer-term buy-and-hold type of situation.
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.
