The Dow Jones 30 broke higher during the day on Friday, testing the 16,200 level. With that being the case, if we break above there we could very well
The Dow Jones 30 broke higher during the day on Friday, testing the 16,200 level. With that being the case, if we break above there we could very well find ourselves trying to get to the 16,600 handle. The weekly candle of course is a hammer, so that is a sign that the buyers are starting to return to this marketplace. If that’s the case, we could very well be looking at a turnaround. After all, on the weekly chart we have formed a bit of a “double bottom.” We don’t have any interest in selling at the moment.
Dow Jones 30 Forecast January 25, 2016, Technical Analysis
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.
