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Dow Jones 30 Forecast January 12, 2017, Technical Analysis

By:
Christopher Lewis
Published: Jan 12, 2017, 01:59 GMT+00:00

The Dow Jones 30 tried to rally during the day on Wednesday, and although we did keep quite a bit of the gains, we remain below the 20,000 handle. That’s

Dow Jones 30 daily chart, January 12, 2016

The Dow Jones 30 tried to rally during the day on Wednesday, and although we did keep quite a bit of the gains, we remain below the 20,000 handle. That’s an area that should continue to offer resistance, and if we can break above there the market should begin the next leg up. I have no interest whatsoever in selling this market, and I believe that dips continue to offer value going forward. Once we get above the 20,000 handle, the market should continue to see buyers hang onto a longer-term move.

About the Author

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.

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