The Dow Jones 30 had a very volatile session on Friday as we initially tried to restore to the 18,600 level, but was turned back and pushed much lower.
The Dow Jones 30 had a very volatile session on Friday as we initially tried to restore to the 18,600 level, but was turned back and pushed much lower. With this being the case, I think that we’re going to try to buying support below, somewhere near the 18,200 level. We’re still very much in an uptrend, and even though we had a very negative session on Friday, it simply means that we are still consolidating. Typically, consolidation means continuation of the previous trends of therefore I still believe that the market’s going higher.
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.
