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.
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.
