The Dow Jones 30 fell hard during the session on Wednesday, showing a significant amount of weakness. The market sliced through the 16,900 level, an area
The Dow Jones 30 fell hard during the session on Wednesday, showing a significant amount of weakness. The market sliced through the 16,900 level, an area that we thought would be rather supportive. However with nonfarm payroll coming out on Friday we suspect that today will be fairly quiet. With that, we can stay on the sidelines as we are with all American indices for the session, and simply wait to see what kind of setup we get on the daily chart. At this point time, we still believe that the buyers will step been sooner or later.
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.
