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Dow Jones 30 Forecast November 5, 2015, Technical Analysis

By:
Christopher Lewis
Published: Nov 5, 2015, 04:56 UTC

The Dow Jones 30 fell slightly during the course of the session on Wednesday, as the 18,000 level offered quite a bit of resistance. We believe that this

Dow Jones 30 Forecast November 5, 2015, Technical Analysis

The Dow Jones 30 fell slightly during the course of the session on Wednesday, as the 18,000 level offered quite a bit of resistance. We believe that this pullback should attract buyers oh based upon the fact that there should be value, and with this we are buying supportive candles as they appear. We also recognize that the 17,500 level should be massively supportive, as we had an impulsive candle stop at that level, and that should continue to attract buyers. Ultimately, we have no interest in selling this market at this point in time.


 

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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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