The Dow Jones 30 tried to go higher during the course of the day on Monday, but found the 17,100 level to be a bit too resistive. Ultimately, the
The Dow Jones 30 tried to go higher during the course of the day on Monday, but found the 17,100 level to be a bit too resistive. Ultimately, the resistive candle ended up looking a lot like a shooting star, so we feel that this market may drift a little bit to the downside. We do believe that the market has plenty of support below though, and as a result we feel that this market can only be bought on supportive candles below and have no interest whatsoever in shorting at this point in time.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
