Dow Jones 30
The Dow Jones 30 of course will be closed, at least the underlying index will be. Ultimately, I like the idea of the 21,500-level offering support that we can continue to go higher. I think that the buyers will come back into the markets on Wednesday, but pullback should offer buying opportunities. I have no interest in shorting this market, but obviously won’t be doing anything today.
Dow Jones 30 and NASDAQ Index Video 04.7.17
NASDAQ 100
Monday was relatively brutal as the Americans came back to work, but I think at this point we need to have the 5600-level hold. If it does not, the market is almost certainly going to go down to the 5500 level. A bounce from here could send this market to the 5700 level above. Ultimately, this is a market that will continue to be choppy, and Wednesday will be vital.
This article was originally posted on FX Empire