The Dow Jones Industrial Average futures had a smashing day on Tuesday as we sliced through the 13,200 level like it wasn't even there. However, the
The Dow Jones Industrial Average futures had a smashing day on Tuesday as we sliced through the 13,200 level like it wasn’t even there. However, the 10,300 level produced a shooting star the last time we approached it, and as a result we could see a little bit of resistance. If we can break above the shooting star that formed on Wednesday of last week, we are more than willing to start going long at that point as we think we will more than likely run to the 13,600 level. As for selling, we do not see any real chance of doing so.
Dow Jones Industrial Average Futures Forecast December 19, 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.
