The S&P 500 initially rallied on Tuesday but turned right back around to form a relatively negative candle. At this point though, I think there is
The S&P 500 initially rallied on Tuesday but turned right back around to form a relatively negative candle. At this point though, I think there is more than enough support below that extends all the way down to the 2120 level, and as a result I am waiting to see a supportive candle or break above the top of the candle for Tuesday in order to go long. I have no interest whatsoever in selling this market, there is far too much in the way of support to consider doing so at this point.
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.
