The Dow Jones 30 fell slightly during the course of the day on Wednesday, as the 17,900 level continues offer resistance. Because of this, we think that
The Dow Jones 30 fell slightly during the course of the day on Wednesday, as the 17,900 level continues offer resistance. Because of this, we think that the market may need a pullback in order to find buyers as the 18,000 level above is a significant barrier. However, with the jobs number coming out on Friday, we believe that could be the catalyst to push this market much higher. Pullbacks at this point in time continue to be buying opportunities as far as we can see and therefore we have no interest whatsoever in selling.
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.
