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.
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.
