The Dow Jones 30 broke to a fresh new low during the session on Monday, clearing the 16,350 level to show significant bearishness in this marketplace.
The Dow Jones 30 broke to a fresh new low during the session on Monday, clearing the 16,350 level to show significant bearishness in this marketplace. Because of that, it appears the market will more than likely head to the 16,000 level first, and then possibly lower than that. The Dow Jones is essentially broken out this point, and with that we feel that this market will be one that you can sell every time it rallies. Looking to short-term charts, we will look for opportunities to continue expressing bearish opinions of this market.
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.
