The Dow Jones 30 rally during the day on Friday, as we had found support near the 19,750 handle. A break above the top of the candle should send this
The Dow Jones 30 rally during the day on Friday, as we had found support near the 19,750 handle. A break above the top of the candle should send this market looking for the 20,000 level yet again, which has been massively resistive. Once we break above that, the longer-term uptrend will continue and we could continue to go much higher. Pullbacks continue to offer value, and I believe that’s how the market is going to continue view those moves. With this, I believe that it’s only a matter of time before the market explodes to the upside on the next leg higher.
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.
