The S&P 500 initially fell during the day is all US indices did, but later in the trading session ended up bouncing enough to form a nice-looking
The S&P 500 initially fell during the day is all US indices did, but later in the trading session ended up bouncing enough to form a nice-looking hammer. It appears that the 2120 level below is going to continue to offer support, and with that I think that it’s only a matter of time before we go higher. With this, I am a buyer and I look at pullbacks as potential value in a market that seems to have a “floor” at the 2120 handle below, and extending all the way down to the 2000 level.
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.
