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.
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.
