The Dow Jones 30 did almost nothing on Wednesday, as the 20,000 psychological resistance continues to be stringent. I think that a break above there of
The Dow Jones 30 did almost nothing on Wednesday, as the 20,000 psychological resistance continues to be stringent. I think that a break above there of course sends this market much higher, and I also believe that it will happen sooner rather than later. However, short-term pullbacks may continue to be the way going forward, as the markets will have very little in the way of liquidity due to the holidays coming up this weekend. I have no interest at this point in shorting the market as it looks so bullish in general.
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.
