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.
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.
