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
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.
