The Dow Jones 30 went back and forth during the day on Tuesday, as we continue to see quite a bit of volatility. I still believe that the 18,000 level
The Dow Jones 30 went back and forth during the day on Tuesday, as we continue to see quite a bit of volatility. I still believe that the 18,000 level below is essentially the “floor” in this market, and that we are simply trying to build up enough momentum in this index to continue going higher. At this point, any bounce or break above the 18,400 level signals a much longer-term move to the upside. I have no interest in selling at this point in time, as we have seen the 18,000 level be so supportive.
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.
