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Dow Jones 30 Forecast October 27, 2014, Technical Analysis

By:
Christopher Lewis
Updated: Aug 25, 2015, 03:00 UTC

The Dow Jones 30 had a positive session on Friday again, testing the 16,800 level. With that being the case, the market looks like it’s ready to go higher

Dow Jones 30 Forecast October 27, 2014, Technical Analysis

The Dow Jones 30 had a positive session on Friday again, testing the 16,800 level. With that being the case, the market looks like it’s ready to go higher and head towards the 17,000 level. Any pullback at this point in time should be a nice buying opportunity as the market continues to show signs of real strength. We have no interest whatsoever in selling, as the Dow Jones 30 will continue to be favored overall as the US economy is by far the most reliable one of the major ones currently.

 

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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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