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Dow Jones 30 and NASDAQ 100 traders rally significantly during the trading session on Tuesday

US stock markets rallied during the trading session on Tuesday, showing signs of strength after breaking above minor resistance barriers. Now that we have done that, we can focus on even larger ones.

Dow Jones 30

The Dow Jones 30 broke out and above the 24,600 level during the trading session on Tuesday, reaching towards the 25,000 level above. That’s an area that’s even more resistive, so I think every time we pull back it should be a nice buying opportunity, but if we can break above the 25,000 handle, the market should continue to go much higher. Ultimately, I think that the market participants will continue to look at these pullbacks as value, in a market that has shaken out a lot of the softer traders over the last several weeks. I believe that we will continue to take advantage of pullbacks as value propositions.

NASDAQ 100

The NASDAQ 100 has rallied nicely during the trading session on Tuesday, clearing the 6700 level and reaching towards the 6800 level. Short-term pullback should be buying opportunities, and I think that the 6700 level could be a bit of support. A break above the 6800 level could send this market to the 6900 level, and then eventually the 7000 level. I look at this market is one that continues to offer value every time we dip, and the NASDAQ 100 will be especially sensitive to trade talks and headlines coming out between the United States and China. I think that the market participants should continue to see the calming of tensions as reason to go long of the NASDAQ 100 as tech stocks are in the crosshairs of both countries. A decent earnings season kickoff of course has helped as well.

Dow Jones 30 and NASDAQ Index Video 18.04.18

This article was originally posted on FX Empire

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