The Dow Jones 30 fell during the course of the session on Tuesday as you can see, testing the 17,350 region. This is an area where we had formed a hammer
The Dow Jones 30 fell during the course of the session on Tuesday as you can see, testing the 17,350 region. This is an area where we had formed a hammer a couple of sessions ago, so there will be buyers in this general vicinity. We feel that a bounce is more than likely going to happen, but we’re going to wait to see if we get a supportive candle. After all, the Dow Jones has been the worst performing of the indices in America that we follow recently. Patience will be needed.
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.
