The Dow Jones 30 initially fell during the session on Friday, but found enough support below to turn things back around. However, just as it did during
The Dow Jones 30 initially fell during the session on Friday, but found enough support below to turn things back around. However, just as it did during the Thursday session, it found buyers below and bounced enough to form a hammer. With that, we believe that this market continues to go much higher. Ultimately, we can break above the 17,800 level, we should then go towards the 18,100 level next. With this, we have no interest in selling, and we believe the pullbacks could also offer buying opportunities as well as the buyers are starting to take over.
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.
