The Dow Jones 30 fell significantly during the course of the session on Friday, but turned around to form a bit of a hammer. At this point, I believe that
The Dow Jones 30 fell significantly during the course of the session on Friday, but turned around to form a bit of a hammer. At this point, I believe that the market is testing the very bottom of support and the next couple of days will determine the next larger move. A break above the 18,000 level is bullish, and a break down below the bottom of the hammer is negative. Keep in mind that the presidential election in the United States is on Tuesday, so today could be fairly quiet.
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.
