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
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.
