Dow Jones 30 The Dow Jones 30 did almost nothing during the day on Wednesday, as we continue to hang about the 22,100 level. Ultimately, I think pullbacks
The Dow Jones 30 did almost nothing during the day on Wednesday, as we continue to hang about the 22,100 level. Ultimately, I think pullbacks will find plenty of support down to the 22,000 level, so it’s a “buy on the dips” market. However, today was very quiet, and more or less was unimportant.
The NASDAQ 100 initially fell during the session but started to see a bit of support at the 5980 handle. Most of this was probably due to Apple disappointing a bit, but at the end of the day, I think this market will eventually break above the 6000 handle. Once we do, then the market should go much higher. In the meantime, it still a “buy on the dips” scenario as well.
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.