The Dow Jones 30 as you can see fell during the course of the session on Friday, showing even further weakness. With this being the case, the market
The Dow Jones 30 as you can see fell during the course of the session on Friday, showing even further weakness. With this being the case, the market should then head down to the 17,000 level which of course is a massive support barrier. With this, the market should continue to sell off, and but we see a significant amount of support down in that general vicinity in order to go long. The short-term, we are sellers but we do recognize that the market should offer buying opportunities below.
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.
