The Dow Jones futures fell most of the session on Thursday, but managed to find support at the 13,200 level in order to form a hammer as we bounced back
The Dow Jones futures fell most of the session on Thursday, but managed to find support at the 13,200 level in order to form a hammer as we bounced back up. Because of this, it does look like we are certain see support in this market, and as a result a break of the highs from the Thursday session would be a strong signal for the buyers to come back into the marketplace. This is our base case at the moment, as we do expect to see continued buying.
Dow Jones Industrial Average Futures Forecast December 21, 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.
