The Dow Jones 30 initially fell during the day on Thursday, but found enough support at the 17,700 level to turn things around and form a bit of a hammer.
The Dow Jones 30 initially fell during the day on Thursday, but found enough support at the 17,700 level to turn things around and form a bit of a hammer. This shows that the upward momentum still continues to show itself going forward, as the market then will reach towards the 18,000 handle. We have no interest in selling, because of the strength of the recent impulsivity of the buyers. Drops at this point in time should simply be value in the Dow Jones industrial average as the market continues to favor the US economy.
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.
