The Dow Jones 30 went back and forth during the course of the session on Friday, eventually forming a relatively neutral candle. We continue to see quite
The Dow Jones 30 went back and forth during the course of the session on Friday, eventually forming a relatively neutral candle. We continue to see quite a bit of support just below and near the 18,000 handle. That being the case, the market looks like it will eventually bounce but short-term pullbacks are going to be used in order to go long. Given enough time, we should then reach towards the 18,400 level above. I think that we will continue to see quite a bit of choppiness going forward, but I think there’s more of an upward bias.
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.
