The MIB initially tried to rally during the day on Friday, but found enough resistance or the 22,800 level to turn things around and form a bit of a
The MIB initially tried to rally during the day on Friday, but found enough resistance or the 22,800 level to turn things around and form a bit of a shooting star. However, we believe that any pullback from here would end up being a buying opportunity more than anything else, keeping this market bullish in our opinion. A break above the top of the shooting star should have this market attempt to break above 22,900 above. You away, we don’t have any interest in selling this market as there is more than enough support below to keep this market going higher over the longer term.
MIB Forecast November 30, 2015, Technical Analysis
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.
