MIB Forecast August 4, 2014, Technical Analysis » Fx Empire Network
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The MIB as you can see initially tried to rally during the session on Friday, but found enough resistance of the 20,600 level to turn things back around and fall. However, the market below has plenty of support, especially at the 20,000 handle. It is below there that we become very bearish of this market and would continue to sell. In the meantime, we believe that there are far too many opportunities for the market to show signs of support between here and there for us to be short. If we get the right supportive candle though, we would consider going long.
MIB Forecast August 4, 2014, Technical Analysis
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MIB Forecast August 4, 2014, Technical Analysis » Fx Empire Network
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