The Dow Jones 30 initially tried to rally during the week but turned around to form a relatively negative candle. However, we are sitting on top of a
The Dow Jones 30 initially tried to rally during the week but turned around to form a relatively negative candle. However, we are sitting on top of a fairly significant support in this region, so given enough time we could get a bit of a bounce or begin a significant breakdown. With the presidential election on Tuesday, it’s hard to imagine that this market will make a move until Wednesday. Longer-term, we are in an uptrend so will certainly be easier path is to the upside in general.
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.
