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
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.
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.
