Dow Gaps Up to Fresh Highs, More Room to Run?

Dow Jones Talking Points:

– The Dow has continued its topside advance by gapping-up to another fresh high this morning. This keeps the door open for bullish continuation strategies, but traders may want to first let that gap fill-in before looking to implement bullish near-term themes on the index.

– As we move towards the end of what’s become a very strong Q3, the big question is whether we see profit-taking ahead of the period’s end, as we move towards the Q4 open in a couple of weeks.

– DailyFX Forecasts on a variety of currencies such as the US Dollar or the Euro are available from the DailyFX Trading Guides page. If you’re looking to improve your trading approach, check out Traits of Successful Traders. And if you’re looking for an introductory primer to the Forex market, check out our New to FX Guide.

Do you want to see how retail traders are currently trading the US Dollar? Check out our IG Client Sentiment Indicator.

Dow Jones Gaps

Article source: https://www.dailyfx.com/forex/technical/article/special_report/2018/09/20/dow-jones-price-gaps-up-to-fresh-highs-outlook-forecast-srepstans.html