The Dow Jones 30 as you can see fell during most of the session, but bounced off of the 18,150 level to turn things back around and form a little bit of
The Dow Jones 30 as you can see fell during most of the session, but bounced off of the 18,150 level to turn things back around and form a little bit of support. With that, we feel that the market continues to consolidate overall, but then should head to the 20,000 handle which is our longer-term target. We have no interest in selling this market, because it has recently broken out. We believe that the Dow Jones 30 will continue to be a strong performer over the longer term, thereby making this an attractive “buy-and-hold” type of situation.
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.
