The S&P 500 fell significantly during the day on Wednesday, but we are still well above support and as a result we are waiting to see whether or not
The S&P 500 fell significantly during the day on Wednesday, but we are still well above support and as a result we are waiting to see whether or not we get a supportive candle that we can start buying. A break above the top of the range for the day, we would be buyers of the market as it looks like it is in a very strong uptrend. Ultimately, we believe that this market will test the 2100 level above, which had been so previously resistive. Ultimately, we have no interest in selling until we get below the 2000 handle.
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.
