Dow Jones 30 The Dow Jones 30 had a choppy session on Wednesday, but found the 22,000 level to be supportive, especially after the Federal Reserve
The Dow Jones 30 had a choppy session on Wednesday, but found the 22,000 level to be supportive, especially after the Federal Reserve released its meeting minutes, which seems to show a bit of confusion. Ultimately, the market should continue to go higher, and that being the case I think that we will continue to try to reach higher. The market will probably continue the “buy on the dips” attitude, but in a very tight overall range. I am mildly bullish.
The NASDAQ 100 also fell, but also found support at the important 5900 level. By doing so, looks like it’s going to be more the same, that the NASDAQ 100 is going to be something that people by. Ultimately, I think that we will probably try to make an attempt at the 6000 handle, but as you to take a while to get there. Currently, I believe we are stuck and arrange and that might be the way going through the next several sessions.
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.