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.
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.
