The Dow Jones 30 fell slightly during the session on Tuesday, but found enough support at the 19,800 level. When it up forming a hammer, which suggests
The Dow Jones 30 fell slightly during the session on Tuesday, but found enough support at the 19,800 level. When it up forming a hammer, which suggests that the buyers are ready to continue to press and try to break out above the 20,000 handle. Once we get above there, the market should continue to a much higher, as the longer-term trend continues to show quite a bit of bullish pressure. I have no interest in selling this market, it is simply far too strong to keep the buyers from taking over again.
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.
