The S&P 500 went back and forth during the course of the session on Wednesday, testing the 2140 level for support. This is an area that seems to be
The S&P 500 went back and forth during the course of the session on Wednesday, testing the 2140 level for support. This is an area that seems to be attractive to traders in general but I believe that eventually the buyers will return and push this market much higher. With that being the case, I break above the top of the session should send the market looking for the 2160 level. A break above there would send this market to the 2200 level, and perhaps even higher than that. I think that the 2100 level below is the absolute “floor” in this market.
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.
