The S&P 500 rallied on Monday, bouncing off of the 2060 level, as it has offered support yet again. The market has been bullish for a while now, and
The S&P 500 rallied on Monday, bouncing off of the 2060 level, as it has offered support yet again. The market has been bullish for a while now, and with this we are buyers in general, but recognize that it is going to take a certain amount of momentum to break above the 2100 level. This would be a bullish, and would have this market more or less in a “buy-and-hold” mode going forward. This market has been a bit overextended lately, so it could take multiple attempts to finally go higher. We have no interest in selling at this point in time.
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.
