The Dow Jones 30 broke out above the 20,000 level during the day on Wednesday, signaling that we are going higher. I believe short-term pullbacks offer
The Dow Jones 30 broke out above the 20,000 level during the day on Wednesday, signaling that we are going higher. I believe short-term pullbacks offer buying opportunities, and I have absolutely no reason to sell this market now. I don’t even have a target, quite frankly this is going to be a “buy-and-hold” situation. Buying on the dips might work for shorter-term traders though, but quite frankly I will be buying in simply hanging on until I see some type of longer-term resistance. Right now, there’s absolutely none in sight.
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.
