The MIB as you can see initially went higher, clearing the 19,400 level. That being said, we did in fact test the highs that we wanted to break, but we
The MIB as you can see initially went higher, clearing the 19,400 level. That being said, we did in fact test the highs that we wanted to break, but we did get above there on a close for the day. Because of that, we need to see whether or not the market can break above there today in order to start buying. Nonetheless, we do believe that this market does go higher given enough time, and as a result we have no interest in selling as we believe that any pullback from here will more than likely find buyers.
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.
