The Dow Jones 30 rose during the course of the week, using the 17,200 level as support. Because of this, the market looks as if it is ready to go much
The Dow Jones 30 rose during the course of the week, using the 17,200 level as support. Because of this, the market looks as if it is ready to go much higher, as we tested the 17,900 level. Ultimately, the market should continue to go higher, reaching towards the 18,300 level, and eventually break out above there and continue to go much higher. We have no interest in selling, and as a result we feel that this market is going to try to get to the 20,000 level over the next several months.
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.
