The Dow Jones 30 initially rallied during the day but did pullback a little bit in order to show quite a bit of resistance above. With this being the
The Dow Jones 30 initially rallied during the day but did pullback a little bit in order to show quite a bit of resistance above. With this being the case, the market looks as if it is ready to go higher and reach towards much higher levels above. I feel that the market will eventually reach the 20,000 handle, but is longer-term that I see this happening. In the meantime, I feel that pullbacks are buying opportunities as there has obviously been quite a bit of bullish pressure underneath that should continue as low interest rates provide a bit of a floor.
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.
