The S&P 500 went back and forth during the course of the day on Friday, showing the 2120 level be supportive yet again. With this being the case, the
The S&P 500 went back and forth during the course of the day on Friday, showing the 2120 level be supportive yet again. With this being the case, the market looks as if it is trying to make an upward move, but I don’t think we have enough momentum yet. I certainly don’t want to sell this market though; it has such a strong support. I believe that short-term pullbacks offer short-term buying opportunities at this point, and that’s probably about as good as it gets. Regardless, expect quite a bit of volatility.
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.
