The S&P 500 fell initially during the course of the session, but bounced enough to form a bit of a hammer. The hammer of course is a bullish sign and
The S&P 500 fell initially during the course of the session, but bounced enough to form a bit of a hammer. The hammer of course is a bullish sign and I believe that given enough time we continue to go higher. The 2120 level below is massively supportive, so I think we are more than likely going to see buyers entering this market and reaching towards the 2175 handle. Ultimately, I do believe that given enough time we find buyers, so there’s no interest on my part to sell this market until we break down below when I think is the bottom of the support level, which extends all the way down to the 2100 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.
