The Dow Jones 30 rose strongly during the session on Tuesday, getting over a percent. That being said, we crashed into the 17,000 level, which of course
The Dow Jones 30 rose strongly during the session on Tuesday, getting over a percent. That being said, we crashed into the 17,000 level, which of course is a large, round, psychologically significant level. There is a significant amount of noise above though, so we could see a little bit of a pullback but quite frankly after the parabolic move that we’ve seen recently, that’s not necessarily a bad thing. We look at pullbacks as buying opportunities, and believe that this market will continue to go higher over the longer term.
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.
