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Dow Jones 30 Forecast January 5, 2017, Technical Analysis

By:
Christopher Lewis
Published: Jan 5, 2017, 04:41 GMT+00:00

The Dow Jones 30 rows during the Wednesday session, testing the 20,000 level yet again. We didn’t quite get there but I think given enough time we will

Dow Jones 30 daily chart, January 05, 2016

The Dow Jones 30 rows during the Wednesday session, testing the 20,000 level yet again. We didn’t quite get there but I think given enough time we will break out. Certainly, buyers are stepping in every time this market pulls back, and of course you should wonder whether or not the jobs number will give us a little bit of a boost as well. I buy pullbacks, and eventually I think we break above the 20,000 level and continue much higher. Selling isn’t even a thought when it comes to US indices at the moment.

About the Author

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.

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