MIB Forecast October 14, 2014, Technical Analysis
The MIB as you can see had a back-and-forth session during the day on Monday, but ended up forming a fairly bearish looking shooting star that sits right on the 19,000 handle. Because of this, we feel that the market could very easily fall from here, and a break of the 18,900 level would have us selling this market as it would be a confirmed breakdown. On the other hand, if we broke back above the 19,500 level, we might be willing to go along with a small position at that point in time.
Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.