The Dow Jones 30 fell significantly during the course of the day on Monday, breaking the back of a couple of hammers from previous trading. That being the
The Dow Jones 30 fell significantly during the course of the day on Monday, breaking the back of a couple of hammers from previous trading. That being the case, looks as if we are more than likely going to continue to drop from here. However, we think that the 17,500 level is massively supportive, and most certainly the 17,250 level being so as well. Ultimately, we do think that this market does go higher, given enough time and of course enough momentum. We’ve no interest in selling this market, it is far too strong at the moment.
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.
