The Dow Jones 30 as you can see initially fell during the course of the day on Thursday, and then shot straight up like a rocket during the day. The
The Dow Jones 30 as you can see initially fell during the course of the day on Thursday, and then shot straight up like a rocket during the day. The strong candle of course suggests that the market is ready to go much higher, and as a result pullbacks should continue to be bought. Ultimately, we believe that this market does break out above the highs at the 17,350 level, and with that being the case we are very bullish. The 17,000 level should continue to be supportive going forward, as it is a large, round, psychologically significant level.
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.
