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.
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.
