The MIB futures fell slightly during the session but bounced off of the 15,800 level in order to form a slightly positive green candle. This candle is
The MIB futures fell slightly during the session but bounced off of the 15,800 level in order to form a slightly positive green candle. This candle is shaped like a hammer, and it does suggest that we may continue to gain and aim for the 16,200 level. With this in mind, we are comfortable going long of this market on a break above the highs from the Friday session, but quite frankly consider this a “grade B” type of trade. However, we do think that the two hammers in a row suggest that we are going higher.
MIB Index Futures Forecast December 17, 2012, Technical Analysis
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.
