The Dow Jones 30 did almost nothing on Wednesday, as the 20,000 psychological resistance continues to be stringent. I think that a break above there of
The Dow Jones 30 did almost nothing on Wednesday, as the 20,000 psychological resistance continues to be stringent. I think that a break above there of course sends this market much higher, and I also believe that it will happen sooner rather than later. However, short-term pullbacks may continue to be the way going forward, as the markets will have very little in the way of liquidity due to the holidays coming up this weekend. I have no interest at this point in shorting the market as it looks so bullish in general.
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.
