The Dow Jones 30 initially tried to rally during the day on Thursday, but did find a little bit of resistance at the 18,400 level during the day. If we
The Dow Jones 30 initially tried to rally during the day on Thursday, but did find a little bit of resistance at the 18,400 level during the day. If we can break above there, the market should then reach towards the 18,600 level above there. If we pullback from here, I believe that there is more than enough support and essentially a “floor” at the 18,000 level below. Given enough time, a supportive candle that breaks out to the upside has me going long and I do believe that eventually we break above the recent highs.
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.
