The Dow Jones 30 continues to show quite a bit of support below, and it’s not until we break down below the 17,800 level that I feel the market would
The Dow Jones 30 continues to show quite a bit of support below, and it’s not until we break down below the 17,800 level that I feel the market would completely breakout. At that point, the market should then reach towards the 17,300 level below. With all of the uncertainty when it comes to the financial markets and the presidential election, it makes sense that traders continue to be sellers overall. Rallies at this point in time will be looked upon with suspicion and therefore an exhaustive candle could be a nice selling opportunity.
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.
