The Dow Jones 30 initially fell hard during the course of the session on Wednesday, but found enough support at the 17,300 level to turn things back
The Dow Jones 30 initially fell hard during the course of the session on Wednesday, but found enough support at the 17,300 level to turn things back around and form a nice-looking hammer. With this, the market looks as if it is ready to go higher, and therefore we are buyers. We recognize there will be a lot of volatility, but ultimately we feel that the market is heading towards the 17,800 level given enough time. With no interest in shorting, every time this market has fallen recently, there has been strong buying.
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.
