The Dow Jones 30 as you can see fell hard during the course of the session on Monday, as we continue to struggle overall. Ultimately though, we do believe
The Dow Jones 30 as you can see fell hard during the course of the session on Monday, as we continue to struggle overall. Ultimately though, we do believe that there is a bit of support just below, even though the markets are not showing any real signs of turning back around at the moment. On a supportive candle, we would be a buyer, but quite frankly we are close enough to significant support that we would not be sellers at this point in time. We still believe that a break above the 17,800 is what is needed for a longer-term buy-and-hold scenario.
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.
