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.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
