The Dow Jones 30 went back and forth during the course of the session on Tuesday testing the 18,200 level for resistance. I think once we break above
The Dow Jones 30 went back and forth during the course of the session on Tuesday testing the 18,200 level for resistance. I think once we break above there, the market will more than likely head to the 18,400 level and beyond. Pullbacks at this point in time will continue to find support below, and that of course is reason enough to suspect that you cannot sell this market. With that being the case, it’s likely that sooner or later the buyers will take over yet again in this low interest-rate environment.
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.
