MIB Index Futures Forecast December 20, 2012, Technical Analysis
The MIB Index futures shot straight up as the Milanese stocks were bought hand over fist during the Wednesday trading session. In fact, we have broken out as far as we can tell, and think that a move above the already bullish looking candle for the Wednesday session would be a buy signal. Look at this chart, we think that we could go much higher, and will more than likely see the 18,000 level before it’s all said and done. However, there will be pullbacks but we feel that they will be buying opportunities going forward.
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