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Dow Jones 30 Forecast December 19, 2016, Technical Analysis

By:
Christopher Lewis
Published: Dec 17, 2016, 04:15 GMT+00:00

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

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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