The Dow Jones 30 bounced significantly during the course of the session on Monday, as we continue to grind our way sideways and potentially higher given
The Dow Jones 30 bounced significantly during the course of the session on Monday, as we continue to grind our way sideways and potentially higher given enough time. We believe that there is a significant amount of bullish pressure underneath, and that we should continue to reach towards the 18,000 handle. We also believe that the market will go higher than that, and as a result we have notched in selling. Quite frankly, we look at pullbacks as potential value in a market that is most certainly moving in one particular direction at this point in time.
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.
