The Dow Jones broke above the recent consolidation area on Tuesday, as the index itself went to all-time highs. Because of this, a break above the highs
The Dow Jones broke above the recent consolidation area on Tuesday, as the index itself went to all-time highs. Because of this, a break above the highs from the session on Tuesday as enough to get us to start buying futures market as well. We are obviously would not want to sell this market, and we also see a significant amount of support at the 14,000 level. It isn’t until we can get below 13,800 that we could start selling at this point, which seems very unlikely given what we’ve seen over the last couple of sessions. Buying dips would also be the way to go going forward 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.
