The Dow Jones 30 rose off of the 16,600 level in order to form a positive candle. This is a market that should continue to go higher though, especially if
The Dow Jones 30 rose off of the 16,600 level in order to form a positive candle. This is a market that should continue to go higher though, especially if we can break above the top of the shooting star from the Friday session. The market then should try to get to the 17,100 level, and then perhaps even higher than that. Pullback from here should find plenty of support, so quite frankly we have no interest in shorting whatsoever. With this being the case, you’re going to have to be patient, but eventually bullish traders should be rewarded.
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.
