The Dow Jones 30 fell initially during the session, but found enough support below the 16,000 level to bring buyers back in and offer a bit of support to
The Dow Jones 30 fell initially during the session, but found enough support below the 16,000 level to bring buyers back in and offer a bit of support to this market. Ultimately, we think that this market goes higher, as the selloff has been a bit dramatic at this point in time. Nonetheless though, we feel that it has been a bit overdue and now we feel that the market could finally bring in buyers again to lift pricing. Selling at this point in time we won’t do, simply because it would be a bit like chasing the trade.
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.
