The Dow Jones 30 rock higher during the course of the week, clearing the 18,400 level at one point. Ultimately, the market looks as if it is trying to
The Dow Jones 30 rock higher during the course of the week, clearing the 18,400 level at one point. Ultimately, the market looks as if it is trying to break out to the upside, but at this point in time it seems as if there is quite a bit of resistance extending all the way to the 18,700 level. If we can break above there, at that point time I feel that the market would be making a move to reach towards the 20,000 handle. Even if we pullback from here, I believe there is more than enough support at the 18,000 level to turn things around and start going long.
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.
