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Dow Jones 30 Forecast December 21, 2016, Technical Analysis
Published: Dec 21, 2016, 05:05 GMT+00:00
The Dow Jones 30 initially trying to rally on Tuesday, but struggled break above the 20,000 handle. Because of this, I think we may need to pull back
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The Dow Jones 30 initially trying to rally on Tuesday, but struggled break above the 20,000 handle. Because of this, I think we may need to pull back several times in order to build up enough momentum to go higher. Once we close above the 20,000 level on a daily close, the market should continue to go much higher. I have no understand selling, and I believe that the support below continues to be a major it influence in this market. Because of this, on supportive pullbacks, I’m willing to start buying their as well.
About the Author
Christopher Lewisauthor
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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