MIB Forecast November 4, 2015, Technical Analysis

The MIB had a pretty volatile session during the day on Tuesday, but continues to find support just below. With that being the case, the market looks as if it can be bought on dips as we will eventually break out to the upside in our opinion. If we can get above the 23,000 level, the market should then continue to go much higher, reaching towards the 24,000 level. The 22,000 level below is massively supportive, so because of this we feel that this is a market that you can only buy at this point in time.