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MIB Forecast November 3, 2015, Technical Analysis

By:
Christopher Lewis
Updated: Nov 3, 2015, 05:58 UTC

The MIB went back and forth during the day on Monday, ultimately settling on very little in the way of change. With that being the case, the market looks

MIB Forecast November 3, 2015, Technical Analysis

The MIB went back and forth during the day on Monday, ultimately settling on very little in the way of change. With that being the case, the market looks like we are going to continue to bounce around in this general vicinity and as a result we believe that ultimately the only thing you can do is buy this market. We have no interest whatsoever in selling and believe that there is a significant floor just below. With this, we are bullish and will remain so as there is no easy path lower.


 

MIB Forecast November 3, 2015, Technical Analysis
MIB Forecast November 3, 2015, Technical Analysis

About the Author

Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.

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