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Dow Jones 30 Forecast November 27, 2015, Technical Analysis

By:
Christopher Lewis
Published: Nov 27, 2015, 04:56 UTC

The Dow Jones Industrial Average of course did move during the course of the day on Thursday as it was Thanksgiving Day in the United States. Given enough

Dow Jones 30 Forecast November 27, 2015, Technical Analysis

The Dow Jones Industrial Average of course did move during the course of the day on Thursday as it was Thanksgiving Day in the United States. Given enough time though, we feel that this market should continue to break out to the upside and clear the 18,000 resistance barrier. Any pullback at this point in time should be a potential buying opportunity in what is an obvious uptrend in this particular index. American indices should continue to go higher over the longer term, and as a result we have no interest in shorting this market.

 

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About the Author

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.

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