The S&P 500 went back and forth during the course of the session on Monday, but as you can see we are very much in the consolidation area that should
The S&P 500 went back and forth during the course of the session on Monday, but as you can see we are very much in the consolidation area that should continue to be important in this marketplace, but overall I do believe that the market is going to continue to go much higher, perhaps reaching to a fresh, new high. I believe that the 2120 level below should continue to be massively supportive as well, so I think pullbacks might be a nice buying opportunity every time we bounce a bit and form a supportive signal.
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.
