The Dow Jones futures fell during this previous week as the signal from the week before suggested. After all, we have seen to shooting stars in a row at
The Dow Jones futures fell during this previous week as the signal from the week before suggested. After all, we have seen to shooting stars in a row at the 13,200 level, and it does look like we’re trying to roll over a bit. Because of this, we are willing to start selling this market below the lows for this week. We think that a test of 12,500 could come, and with the debt talks going on in Washington DC, there certainly is time potential for a sudden move lower. With that being said, we expect this as a correction, and not necessarily some type of meltdown.
Dow Jones Futures forecast for the week of December 31, 2012, Technical Analysis
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.
