Advertisement
Advertisement

Dow Jones 30 Forecast August 5, 2015, Technical Analysis

By:
Christopher Lewis
Published: Aug 5, 2015, 04:48 UTC

The Dow Jones 30 as you can see went back and forth during the course of the session on Tuesday, as we await jobs numbers this week. We have the ADP

Dow Jones 30 Forecast August 5, 2015, Technical Analysis

The Dow Jones 30 as you can see went back and forth during the course of the session on Tuesday, as we await jobs numbers this week. We have the ADP Nonfarm Payroll numbers coming out today, but ultimately it’s the government numbers that we will be paying the most attention to. We are getting close to pre-significant support near the 17,500 level though, so we are looking for supportive candles in order to start buying. We have no interest in selling this market at the moment unless of course the jobs numbers are absolutely horrific.

 

dow

About the Author

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.

Did you find this article useful?

Advertisement