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Dow Jones 30 Forecast October 4, 2016, Technical Analysis

By:
Christopher Lewis
Published: Oct 4, 2016, 04:12 UTC

The Dow Jones 30 went back and forth during the course of the session on Monday, as we continue to see quite a bit of choppiness in that general vicinity

Dow Jones 30 daily chart, October 4, 2016

The Dow Jones 30 went back and forth during the course of the session on Monday, as we continue to see quite a bit of choppiness in that general vicinity that the market trades and now. With this being the case, it looks likely that the 18,000 level will continue to be massively supportive, so with that being the case I think pullbacks will be buying opportunities for short-term moves. On the other hand, the 18,400 level above being broken would be very bullish as well. I have no interest in selling this market at this point in time.

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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