The Dow Jones 30 initially tried to rally during the day on Thursday, but fell after finding a lot of resistance at the 16,500 region. With that, the
The Dow Jones 30 initially tried to rally during the day on Thursday, but fell after finding a lot of resistance at the 16,500 region. With that, the market did in fact continue falling although it on the 16,350, where the buyers finally step back again. This is an area that is pretty supportive, so we would not be overly surprised by a supportive candle that leads to a nice buying opportunity in the region. At the end of the day however, the market looks like it is a ready to go anywhere right now.
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.
