The Dow Jones 30 went back and forth during the day on Thursday as we continue to consolidate overall. At this point, the move higher has been so strong
The Dow Jones 30 went back and forth during the day on Thursday as we continue to consolidate overall. At this point, the move higher has been so strong that it’s almost impossible to sell this market, and quite frankly I believe that pullbacks will continue to be looked at as value. Because of this, I’m waiting to see a little bit of upward momentum, and I’m buying and aiming for 20,000. We will eventually break above there, and when we do the longer-term uptrend will continue. In the meantime, I believe that we are simply trying to build up momentum to do that.
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.
