"If we sell off again people are going to be looking to bounce off the bottom again," said Hector Galvan, senior market strategist for RJO Futures.
"Funds are the major players in the market today, initially doing some short-covering and then the market turned right back down," he added.
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Series 3 Licensed
Senior Market Strategist
After earning a bachelor's degree from the University of Illinois at Urbana-Champaign, Hector was encouraged by a relative at the Chicago Board of Trade to get involved in futures. Prior to RJO Futures, he was a broker at Lind-Waldock from 2002-2004. He is experienced in short-, medium- and long-term chart analysis, and uses his knowledge in moving averages, oscillators, market sentiments, money management, and pivot profits to assist clients. His advisory background includes Hightower, Helms, G.... Read More