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.
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.
