The S&P 500 rallied enough during the course of the session on Monday, as we continue to go sideways overall. Ultimately I think that this market will
The S&P 500 rallied enough during the course of the session on Monday, as we continue to go sideways overall. Ultimately I think that this market will find buyers and therefore continue to grind its way towards the 2250 level. Pullbacks offer support near the 2150 handle, and of course the 2120 level below there. With this, I am essentially “buy only” at this point in time, and have no interest in selling as there is more than enough bullish pressure to keep this market floating, as well as the United States being a stronger economy than most others.
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.
