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.
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.
