The Dow Jones 30 fell initially during the course of the session on Wednesday, but at this point in time I believe that the 18,300 level below is
The Dow Jones 30 fell initially during the course of the session on Wednesday, but at this point in time I believe that the 18,300 level below is massively supportive. I believe that at the first sign of support traders will jump back into this market in order to start going long yet again. Ultimately, this is a market that I believe goes higher, but this time year will continue to grind sideways overall as the low interest-rate situation we find yourselves and will continue to at the very least support this market.
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.
