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MIB Forecast October 27, 2014, Technical Analysis

By
Christopher Lewis
Updated: Aug 25, 2015, 03:00 GMT+00:00

The MIB as you can see had a slightly positive session on Friday, continuing to grind higher. That being the case, the market still looks very positive,

MIB Forecast October 27, 2014, Technical Analysis

The MIB as you can see had a slightly positive session on Friday, continuing to grind higher. That being the case, the market still looks very positive, and as a result we are very bullish. That being the case, we feel that the market will then head to the 20,000 level, and then possibly even higher than that. With that being said, we buy dips, and we have no interest whatsoever in selling this marketplace. The European Central Bank could very well loosen monetary policy according to some statements, and if that’s the case it should continue to push markets higher.

 

MIB Forecast October 27, 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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