Advertisement
Advertisement

Dow Jones 30 Forecast November 8, 2016, Technical Analysis

By:
Christopher Lewis
Published: Nov 8, 2016, 04:09 GMT+00:00

The Dow Jones 30 gapped higher at the open on Monday as the FBI announced it wasn’t going to press charges against her again. Because of this, it looks as

Dow Jones 30 daily chart, November 08, 2016

The Dow Jones 30 gapped higher at the open on Monday as the FBI announced it wasn’t going to press charges against her again. Because of this, it looks as if we are going to reach towards the 18,250 level above. Pullbacks at this point should be supportive, but quite frankly with the election happening today, it’s can be difficult to risk any money at this point as the results will come out until after the daily close so therefore traders will not have the opportunity to react on Wall Street.

About the Author

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.

Advertisement