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.
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.
