The S&P 500 fell slightly during the course of the session on Wednesday, testing the 2180 handle. There is quite a bit of support just below though,
The S&P 500 fell slightly during the course of the session on Wednesday, testing the 2180 handle. There is quite a bit of support just below though, so given enough time I feel that the markets will find some type of support. A supportive candle below should be a buying opportunity going forward, and as a result I’m waiting to see whether or not we get that in order to continue to pick up small positions in order to continue to benefit from a fairly stable market. Once the larger volume comes back into the marketplace in a couple of weeks, I feel that we continue to grind away much higher.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
