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.
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.
