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Dow Jones 30 Forecast December 19, 2016, Technical Analysis

By:
Christopher Lewis
Published: Dec 17, 2016, 04:15 UTC

The Dow Jones 30 did almost nothing on Friday, as we continue to hover around the 19,800 level. If we pullback from here, there should be plenty of

Dow Jones 30 daily chart, December 19, 2016

The Dow Jones 30 did almost nothing on Friday, as we continue to hover around the 19,800 level. If we pullback from here, there should be plenty of support underneath, but we could drop a bit to find that support. If we break above the recent high, we should then reach towards the 20,000 handle, but I find it hard to believe that we will break above there with any type of being is. Ultimately, I have no interest whatsoever in selling this market has the Dow should continue to be lifted by infrastructure spending.

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.

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