The MIB Index futures rose during the session on Thursday, and has broken out above the 16,300 level that we stated was a buy signal for us. Because of
The MIB Index futures rose during the session on Thursday, and has broken out above the 16,300 level that we stated was a buy signal for us. Because of this, we feel that this is a longer-term buy-and-hold type of market, and that we should go much higher. Obviously, there will be headline risks out there in a low volume environment, but overall we do believe in the bullishness of this marketplace. Going forward, we will buy every time we see a pullback that shows signs of support. This could be a sign of things to come in 2013, as it appears that Europe is healing.
MIB Index Futures Forecast December 21, 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.
