The Dow Jones 30 did very little during the day on Wednesday as we awaited the Federal Reserve interest rate decision. As the decision isn’t expected to
The Dow Jones 30 did very little during the day on Wednesday as we awaited the Federal Reserve interest rate decision. As the decision isn’t expected to produce much, the reality is that this is a very strong market, some pullback should continue to offer buying opportunities. I have no interest in shorting this market, and believe that it is only a matter of time before we reach the 20,000 level, which is something that has been my longer-term target for some time. I do believe that we break above their, but a pullback is probably necessary sooner rather than later to build up momentum.
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.
