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Dow Jones 30 Forecast August 31, 2016, Technical Analysis

By:
Christopher Lewis
Published: Aug 31, 2016, 04:35 UTC

The Dow Jones 30 fell slightly during the course of the session on Tuesday, as the market continues to bounce around in this general vicinity. There is a

Dow Jones 30 daily chart, August 31, 2016

The Dow Jones 30 fell slightly during the course of the session on Tuesday, as the market continues to bounce around in this general vicinity. There is a strong likelihood of support just below, so having said that it’s likely that any pullback at this point should offer value that traders will take advantage of. Ultimately, this is a market that should continue to reach towards the 20,000 handle, but it might take some time to get there. After all, this is still holiday season so volumes are pretty light at the moment.

About the Author

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.

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