The Dow Jones 30 rally during the session on Tuesday, taking back some of the losses that we’ve recently had. However, you can see that we struggle at the
The Dow Jones 30 rally during the session on Tuesday, taking back some of the losses that we’ve recently had. However, you can see that we struggle at the 18,300 level, so it’s probably not quite time to start looking for value. We will continue to monitor this market though, and on signs of supportive candles, we would in fact be buyers as we feel the market is a bit oversold at this point in time. Ultimately, we are on the sidelines and watching daily candles until we get the signal to start putting money to work again.
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.
