The Dow Jones 30 initially tried to rally during the course of the session on Friday, but found the area above the 18,200 level to be far too resistive.
The Dow Jones 30 initially tried to rally during the course of the session on Friday, but found the area above the 18,200 level to be far too resistive. Because of this, we ended up turning back around and forming a bit of a shooting star. The 18,000 level below is massively supportive, and as a result I think that any type of bounce or supportive candle in that area could continue to be a buying opportunity. I think that this is going to be a volatile market, but at this point in time it appears that the buyers will continue.
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.
