The Dow Jones 30 broke out to the upside on Wednesday, absolutely smashing through various forms of resistance. I believe that every time we pullback we
The Dow Jones 30 broke out to the upside on Wednesday, absolutely smashing through various forms of resistance. I believe that every time we pullback we will find buyers, and I believe more than ever that we should reach towards the 20,000 handle. That’s my longer-term target, and I will continue to buy this market only between here and there. I believe that the “floor” in this market has probably just moved up towards the 19,200 level from the 19,000 level previously. I have no interest in selling what is obviously a massive uptrend.
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.
