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.
Advertisement
Advertisement
Dow Jones 30 Forecast December 22, 2016, Technical Analysis
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
About the Author
Christopher LewisSenior Analyst
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.
Latest news and analysis
Advertisement
Advertisement
Advertisement
Advertisement