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S&P 500 Forecast August 31, 2016, Technical Analysis

By:
Christopher Lewis
Published: Aug 31, 2016, 04:36 UTC

The S&P 500 fell slightly during the course of the session on Tuesday, as we continue to grind sideways overall. This is a market that continues to

S & P 500 daily chart, August 31, 2016

The S&P 500 fell slightly during the course of the session on Tuesday, as we continue to grind sideways overall. This is a market that continues to see such a large amount of volatility as we simply have run out of steam. However, this is a market that should show volume coming back into the market, so ultimately it is one that I believe will continue to the upside given enough time. I have no interest in selling and believe that sooner or later we will see the buyers return as interest rates should remain fairly low.

About the Author

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.

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