The Dow Jones 30 fell during the course of the day on Thursday, as we continue to see negativity in this market. We believe that there is more than enough
The Dow Jones 30 fell during the course of the day on Thursday, as we continue to see negativity in this market. We believe that there is more than enough support below to keep this market afloat though, so we are simply going to ignore this selling opportunity as we believe the longer-term uptrend will reassert itself to the upside. The 17,250 level is supportive, so we are going to look to see whether or not we get a supportive candle somewhere between here and there in order to start buying again.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
