The S&P 500 broke down during the course of the day on Monday, extending the losses all the way towards the 1830 level. Ultimately, this is a market
The S&P 500 broke down during the course of the day on Monday, extending the losses all the way towards the 1830 level. Ultimately, this is a market that looks like it has quite a bit of support below, but may very well break through it. Stock markets around the world look horrible, and of course the S&P 500 isn’t going to be any different than all the other indices that we follow. We have no interest in buying, and we believe that a bounce should be a nice selling opportunity as well.
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.
