The S&P 500 initially tried to rally during the course of the session on Friday, but turned right back around to form a bit of a shooting star. It
The S&P 500 initially tried to rally during the course of the session on Friday, but turned right back around to form a bit of a shooting star. It looks as if we are going to grind back and forth overall, and continue to show the 2120 level to be supportive. With this, I feel that sooner or later the buyers will get involved, but I also believe that a break above the top of the shooting star would be reason enough to start going long as well. I have no interest in selling this market and believe that sooner or later we will go not only to the recent highs, but higher than that.
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.
