Dow Jones 30

The Dow Jones 30 pulled back a bit during the trading session on Friday, as we have the jobs number came out softer than anticipated. Because of this, the market looks likely to look for buyers underneath, and ultimately, I think that based upon the weekly candle, we should see plenty of support enter the market. Any type of bounce should be a buying opportunity, perhaps sending the market towards the 25,000 handle. A break above there could send this market even higher than that.

NASDAQ 100

The NASDAQ 100 pulled back a bit during the trading session on Friday, reaching below the 6500 level but finding a bit of support. When you look at the attitude of the market, it seems as if we are going to bounce around in a range, and I think that this market should be played as such. If we can stay away from negative headlines coming from either China or the US, we could get a bit of bullish move. Ultimately, if we break down below the 6200 level, the market could reach towards the 6000 level. I think that this market does favor the upside longer-term, but it is going to be very bumpy and difficult. I would be cautious about putting too much money into this market, as the volatility will be very difficult to deal with. I would only add once you get confirmation.

Dow Jones 30 and NASDAQ Index Video 09.04.18

This article was originally posted on FX Empire

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