The MIB fell hard during the course of the day on Thursday, as we broke below the 22,000 level. However, there is a significant amount of support just
The MIB fell hard during the course of the day on Thursday, as we broke below the 22,000 level. However, there is a significant amount of support just below, so we are not willing to sell this market. We are simply waiting to see if we get a supportive candle, and we will use that as an opportunity at take advantage of value in a market that still looks ready to try to fight its way higher. The following Euro over the longer term should continue to make investment in this market attractive.
MIB Forecast November 13, 2015, Technical Analysis
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.
