The Dow Jones 30 initially fell during the course of the session on Monday, but found enough support just above the 18,000 level to form a bit of a
The Dow Jones 30 initially fell during the course of the session on Monday, but found enough support just above the 18,000 level to form a bit of a hammer. If we can break above the top is hammer I believe that the market will then grind towards the 18,400 level. If we pullback from here, I believe that the 18,000 level will offer enough support that we will continue to see buyers come back into this marketplace going forward. I have no interest in selling this market, I believe that the support is that strong.
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.
