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MIB Forecast October 22, 2014, Technical Analysis

By
Christopher Lewis
Updated: Aug 25, 2015, 02:00 GMT+00:00

The MIB rose drastically during the session on Tuesday, breaking above the top of the shooting star from the Monday session, which of course is very

MIB Forecast October 22, 2014, Technical Analysis

The MIB rose drastically during the session on Tuesday, breaking above the top of the shooting star from the Monday session, which of course is very positive and as a result we think that the market will continue to go much higher. If you can get above the 19,500 level, the market could very well continue to the 20,000 level, where we think that a move above there would be very positive and send this market much higher overall. We believe that pullbacks will continue to offer buying opportunities going forward, and as a result we have no interest in selling.

 

MIB Forecast October 22, 2014, Technical Analysis

About the Author

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.

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