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Dow Jones 30 forecast for the week of November 21, 2016, Technical Analysis

By:
Christopher Lewis
Published: Nov 19, 2016, 04:57 GMT+00:00

The Dow Jones 30 went back and forth during the week at extraordinarily high levels. After the massive candle that formed during the previous week, a

Dow Jones 30 weekly chart, November 21, 2016

The Dow Jones 30 went back and forth during the week at extraordinarily high levels. After the massive candle that formed during the previous week, a pullback could be expected. Quite frankly, I believe that a pullback is only going to be a buying opportunity, and therefore I have a bit of a “one-way mentality” when it comes to this market. I have no interest whatsoever in selling, as the market has obviously voted on the outcome of the presidential election, and it looks extraordinarily bullish now.

About the Author

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.

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