The Dow Jones 30 did almost nothing during the course of the session on Wednesday, as we continue to see stagnation. However, the 17,700 level below is
The Dow Jones 30 did almost nothing during the course of the session on Wednesday, as we continue to see stagnation. However, the 17,700 level below is supportive, and as a result we would anticipate that a bounce should be coming. We think that the 10,500 level below there is massively supportive as well, so at this point in time we have no interest in selling. We believe stock markets in general are going to go higher as central banks around the world continue to flood the markets with liquidity at the moment.
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.
