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.
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.
