The Dow Jones 30 fell hard during the course of the day on Thursday, losing 1.77%. The market looks as if it’s ready to continue banging around in this
The Dow Jones 30 fell hard during the course of the day on Thursday, losing 1.77%. The market looks as if it’s ready to continue banging around in this general vicinity, and it certainly looks vulnerable to the downside. That being said, there is a significant amount of noise just below so we recognize that if we do continue dropping, it’s probably going to be choppy. We certainly don’t have a supportive enough candle to start buying down here though. Because of that, we are on the sidelines but we recognize that selling may come into play soon.
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.
