The Dow Jones 30 initially fell during the course of the week, testing the 17,400 level. With that, the market bounced and went much higher. We believe
The Dow Jones 30 initially fell during the course of the week, testing the 17,400 level. With that, the market bounced and went much higher. We believe that we can break above the 17,800 level, we would continue to grind away in the previous consolidation area which leads to the 18,200 level. With this, we are bullish but we also recognize that there will be a lot of volatility in the meantime. However, from a longer-term perspective we feel that this market ends up going much higher given enough time.
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.
