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Dow Jones 30 Forecast December 9, 2016, Technical Analysis

By:
Christopher Lewis
Published: Dec 9, 2016, 05:09 UTC

The Dow Jones 30 rallied on Thursday, as it continues to move to the upside in a parabolic manner. The recent election of Donald Trump seems to have a lot

Dow Jones 30 daily chart, December 09, 2016

The Dow Jones 30 rallied on Thursday, as it continues to move to the upside in a parabolic manner. The recent election of Donald Trump seems to have a lot of people thinking that the Dow Jones 30 should continue to go higher due to infrastructure spending, and of course the more regulatory positive environment for businesses in United States. Pullback should be thought of as value, as we most certainly have plenty of bullish pressure and therefore people will be looking to get involved that have missed this rally. Selling isn’t even a possibility at this point.

About the Author

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.

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