The Dow Jones 30 initially fell during the course of the session on Monday, testing the 17,350 level. We bounced enough to form a hammer though, so as a
The Dow Jones 30 initially fell during the course of the session on Monday, testing the 17,350 level. We bounced enough to form a hammer though, so as a result it looks as if the market is ready to go higher. On top of that, the other US indices that we follow all look like they are getting supported as well, so we are bullish of this market and believe that the Dow Jones will eventually reach towards the 17,800 level. We have no interest whatsoever in selling, because there is so much support below.
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.
