The Dow Jones 30 went back and forth during the course of the session on Friday, eventually forming a relatively neutral candle. We continue to see quite
The Dow Jones 30 went back and forth during the course of the session on Friday, eventually forming a relatively neutral candle. We continue to see quite a bit of support just below and near the 18,000 handle. That being the case, the market looks like it will eventually bounce but short-term pullbacks are going to be used in order to go long. Given enough time, we should then reach towards the 18,400 level above. I think that we will continue to see quite a bit of choppiness going forward, but I think there’s more of an upward bias.
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.
