Dow Jones 30 and NASDAQ 100 had a volatile trading session on Monday

The US stock markets were very volatile during the trading session on Monday, as trade talks continue to be a major issue. I think that the 24,000 level above offers resistance and the Dow Jones 30, while we certainly have support underneath. The same type of analysis can be said for the NASDAQ 100 as well. · FX Empire

Christopher Lewis

Updated Mon, Apr 2, 2018, 11:16 PM

Dow Jones 30

The Dow Jones 30 went sideways initially in the CFD markets on Monday, but then broke down below the 24,000 level to reach towards the 23,600 level. I believe that the market breaking down below the 23,000 level would be a very negative sign, and I think that the overall attitude of the markets will continue to be very skittish, as we have a lot of concerns around the world when it comes to geopolitical issues, and of course the talk of trade war. I think that this market is looking for a bit of a bounce in this area though, as the reaction to a few words from President Trump may have been overdone.

NASDAQ 100

The NASDAQ 100 broke down below the 6500 level during the trading session on Monday, in a flash reaction to the negativity around the world due to a few words coming out of the mouth of President Trump, and of course the fears of the Chinese retaliation that seems to be escalating. I believe that the trade war talk escalating gives us an opportunity to see a lot of volatility. Volatility is a major issue for traders that are not use to it, and unfortunately most aren’t over the last couple of years. If we can break above the 6600 level, then I think the market is free to go higher. However, I would not put a lot of money into the market.