The Dow Jones 30 rose during the course of the day on Wednesday, testing the 17,600 in the process. We believe that once we get above there the market
The Dow Jones 30 rose during the course of the day on Wednesday, testing the 17,600 in the process. We believe that once we get above there the market will then reach towards the 18,000 handle, and that at this point in time pullbacks should be buying opportunities as well. We believe that the market will continue to find quite a bit of support at the 17,250 level, as it is essentially the “floor” in this market at the moment. Given enough time though, we anticipate that this market is going to break out to the upside.
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.
