The Dow Jones 30 went back and forth during the course of the session on Wednesday, testing the 16,900 level for support, and the 17,050 level for
The Dow Jones 30 went back and forth during the course of the session on Wednesday, testing the 16,900 level for support, and the 17,050 level for resistance. Ultimately, it appears that the market is probably going to stagnate in this area as the Federal Reserve released a rather hawkish statement. However, at the end of the day we believe that the market does in fact continue to go higher, and look at pullbacks as potential buying opportunities and value. Selling at this point time is not a thought, as we believe that the buyers and certainly taken over yet again.
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.
