Advertisement
Advertisement

Dow Jones 30 Forecast October 18, 2016, Technical Analysis

By:
Christopher Lewis
Published: Oct 18, 2016, 04:16 UTC

The Dow Jones 30 fell slightly during the course of the day on Monday, as the 18000 level below continues offer quite a bit of support. I believe it’s

Dow Jones 30 daily chart, October 18, 2016

The Dow Jones 30 fell slightly during the course of the day on Monday, as the 18000 level below continues offer quite a bit of support. I believe it’s only a matter time before we get a supportive candle and more importantly a bounce that we can take advantage of in order to continue the longer-term trend to the upside. I believe that eventually the Dow Jones 30 will target the 20,000 handle, but obviously has a lot of work to do to get above the above resistance that the market has been dealing with.

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.

Did you find this article useful?

Advertisement