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Dow Jones 30 Forecast October 23, 2014, Technical Analysis

By:
Christopher Lewis
Updated: Aug 25, 2015, 02:00 UTC

The Dow Jones 30 fell during the session on Wednesday, as most stock markets around the United States did. However, we have broken out and back into the

Dow Jones 30 Forecast October 23, 2014, Technical Analysis

The Dow Jones 30 fell during the session on Wednesday, as most stock markets around the United States did. However, we have broken out and back into the previous consolidation area, so we feel that it’s only a matter of time before the market goes higher. With that being the case, we look to this market to go to the 17,000 level, and we look for supportive candles in order to start buying this market so that we can go higher and think that the area below is in fact very supportive.

 

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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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