The Dow Jones 30 gapped lower at the open on Monday, but turned back around to show signs of support. By doing so, it looks as if the market isn’t ready
The Dow Jones 30 gapped lower at the open on Monday, but turned back around to show signs of support. By doing so, it looks as if the market isn’t ready to go very far now. I think that the 18,000 level below continues to be the “floor” in this market, and therefore I’m simply waiting for some type of supportive candle that we can start going higher. The 18,400 level above is very resistive, but I do think in the end that we will break above there and reach to much higher levels.
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.
