The S&P 500 broke higher during the course of the day on Wednesday, clearing the 2080 handle. However, we could not get above the 2100 level, so
The S&P 500 broke higher during the course of the day on Wednesday, clearing the 2080 handle. However, we could not get above the 2100 level, so having said that we are not completely broken out yet. If we pullback, we should find buyers, somewhere near the 2080 handle, and if not there somewhere closer to the 2060 level. Obviously, a break out above the 2100 level is also very bullish. We have no interest whatsoever in selling this market at this moment in time as the buyers are must certainly are in control.
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.
