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Dow Jones 30 forecast for the week of August 15, 2016, Technical Analysis

By:
Christopher Lewis
Published: Aug 13, 2016, 06:24 UTC

The Dow Jones 30 broke higher during the course of the we, clearing the top of the hammer from the previous week. This of course is a very strong sign in

Dow Jones 30 weekly chart, August 15, 2016

The Dow Jones 30 broke higher during the course of the we, clearing the top of the hammer from the previous week. This of course is a very strong sign in a looks that the market is ready to go much higher. With this being the case, we are almost ready to start a situation that begs a “buy-and-hold” type of attitude. We like this market a lot in this low interest rate environment, and believe that they are for the market should continue to benefit from both that and the relative safety of the United States.

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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