MIB Forecast November 20, 2015, Technical Analysis

The MIB initially gapped higher during the course of the day on Thursday, but then turned back around to show signs of strength. Ultimately we did close a bit higher, and if we can break above the top the range for the session on Thursday, we are buyers as the market should then grind its way towards the 22,800 level. This is a market that will struggle bit because of all the noise above, but we do believe that the buyers are going to continue to jump into this market and press the Milanese exchange higher and higher.