The Dow Jones 30 initially rallied during the course of the week, testing the 18,000 level. However, we found enough resistance above to turn the market
The Dow Jones 30 initially rallied during the course of the week, testing the 18,000 level. However, we found enough resistance above to turn the market back around and form a bit of a shooting star. Ultimately though, we feel that there are more than enough reasons the think that this market continues to go higher, and therefore pullbacks offer a buying opportunity. After all, with the employment situation picking up in the United States, it makes sense that traders will step in and start buying stocks.
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.