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Dow Jones 30 Forecast December 5, 2016, Technical Analysis

By
Christopher Lewis
Updated: Dec 4, 2016, 08:32 GMT+00:00

The Dow Jones 30 initially fell on Friday but turned around to form a supportive looking candle. I think that the 19,000 level below there is even more

Dow Jones 30 daily chart, December 05, 2016

The Dow Jones 30 initially fell on Friday but turned around to form a supportive looking candle. I think that the 19,000 level below there is even more supportive, so with this it is only a matter of time before the buyers return as far as I can see. I believe that we will reach towards the 20,000 level, but it may take some time to get there. I believe that every time we pullback you have to feel that it’s time to start picking upon value. I have no interest whatsoever in selling this market.

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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