The Dow Jones 30 broke higher during the course of the session on Tuesday, using the 17,800 level as a massive supportive level. With that being the case,
The Dow Jones 30 broke higher during the course of the session on Tuesday, using the 17,800 level as a massive supportive level. With that being the case, the market should continue to go much higher, and as a result we are buyers only. In fact, we feel that there is essentially a “floor” at the 17,500 level now. We are not expecting massive moves higher, just more or less a simple grind all the way to the 18,100 level above. Pullbacks should be thought of as value going forward in this market.
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.
