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.
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.
