The Dow Jones rose rapidly during the course of the session on Tuesday after it had formed a hammer on Monday, classic technical bullishness. With that,
The Dow Jones rose rapidly during the course of the session on Tuesday after it had formed a hammer on Monday, classic technical bullishness. With that, it appears that the market is ready to go much higher, but we do think that the 17,000 level will be targeted. We believe the pullbacks will continue to offer buying opportunities going forward as the market should continue to go much higher, and as a result we have no scenario in which we are willing to sell the Dow Jones Industrial Average going forward.
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.
