The Dow Jones 30 as you can see broke higher during the course of the day on Thursday, testing the 16,750 level. The market looks ready to go much higher
The Dow Jones 30 as you can see broke higher during the course of the day on Thursday, testing the 16,750 level. The market looks ready to go much higher at this point in time, and we believe that short-term pullbacks will in fact continue to push this market higher. We will look for supportive candles below, on short-term time frames charts in order to aim for the 17,000 handle. Selling is not possible in this marketplace, we believe that we have seen the bottom for the time being, as we have had a nice correction.
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.
