The Dow Jones 30 fell significantly on Monday, but remains within the previous trading range that we have been in. If we can break above the top of the
The Dow Jones 30 fell significantly on Monday, but remains within the previous trading range that we have been in. If we can break above the top of the range for the session on Monday, I feel that the market within reach towards the 20,000 handle yet again. This is an area that has massive resistance, so it makes sense that we continue to pull back to try to build up the necessary momentum to go long again. We did get a bit overextended initially, so it makes sense that we have a cooling-off period
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.
