The Dow Jones 30 rallied during the day on Tuesday, as all US indices did. It now looks as if it’s a foregone conclusion that we will finally reach my target of 20,000 in this market. I think pullbacks continue to offer value, and the Dow Jones 30 of course will be heavily influenced by the idea of the infrastructure in the United States being rebuilt. This gives us an opportunity to take advantage of longer-term uptrend moves, and as a result I have no interest whatsoever in shorting this market.
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Dow Jones 30 Forecast December 14, 2016, Technical Analysis
The Dow Jones 30 rallied during the day on Tuesday, as all US indices did. It now looks as if it’s a foregone conclusion that we will finally reach my
About the Author
Christopher LewisSenior Analyst
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.
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