The Dow Jones 30 fell slightly during the course of the session on Friday, testing the 18,300 level. However, I think that there is more than enough
The Dow Jones 30 fell slightly during the course of the session on Friday, testing the 18,300 level. However, I think that there is more than enough support below to turn things around on a supportive candle. A break above the top of the candle from the Thursday session would be reason enough to go long at this point, as we should then try to reach towards the 18,600 level. Once we get above there, it’s likely to send this market looking for the 20,000 handle. The 18,000 level below should continue to be the “floor” in this market, so as long as we stay above there I have no interest in selling.
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.
