The Dow Jones 30 went back and forth during the course of the session on Thursday, testing the 17,800 level for support. Ultimately, if we can break above
The Dow Jones 30 went back and forth during the course of the session on Thursday, testing the 17,800 level for support. Ultimately, if we can break above the top of the range, and more importantly the 18,000 level, we would be buyers as the market will test the 18,100 level, and then much higher than that given enough time. We believe that pullbacks from here should continue to offer buying opportunities as well, as there is a significant amount of volatility just below. With the Federal Reserve looking less and less likely to be able to raise interest rates anytime soon, this is a market that should continue to gain.
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.
