The Dow Jones 30 rose during the course of the week, slicing above the 17,600 level, a very bullish signal. It looks as if we are trying to get to the
The Dow Jones 30 rose during the course of the week, slicing above the 17,600 level, a very bullish signal. It looks as if we are trying to get to the 18,000 handle given enough time, but there is going to be a lot of resistance at that level. Because of this, we feel that it’s probably best to trade the Dow Jones 30 off of the shorter time frame charts such as the daily, and avoid the longer-term charts like the weekly, at least for the time being. Pullbacks could very well be buying opportunities.
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.
