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.
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.
