The Dow Jones 30 initially tried to rally during the course of the session on Friday, but turned back around to fall and form a shooting star. Because of
The Dow Jones 30 initially tried to rally during the course of the session on Friday, but turned back around to fall and form a shooting star. Because of this, we feel that the market simply doesn’t have enough conviction to continue going higher. However, we know that the Nonfarm Payroll numbers will have a massive influence on this market, so we think that perhaps Thursday might be a good day to sit on the sidelines. Ultimately though, we would not be surprise at all to see bullishness reenter this marketplace.
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.
