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Dow Jones 30 Forecast August 10, 2016, Technical Analysis

By:
Christopher Lewis
Published: Aug 10, 2016, 04:46 GMT+00:00

The Dow Jones 30 broke higher during the course of the session on Tuesday, as we continue to press against the 18,600 level above. If we can get above

Dow Jones 30 daily chart, August 10, 2016

The Dow Jones 30 broke higher during the course of the session on Tuesday, as we continue to press against the 18,600 level above. If we can get above there, we could go much higher and I think we will eventually. I also believe that if we pullback from this area, there is more than enough support below to keep this market going higher over the longer term. Given enough time, I think the Dow Jones 30 will reach towards the 20,000 handle. Because of this, I have no interest whatsoever in selling this market.

About the Author

Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.

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