The S&P 500 fell during the course of the session on Friday, but there seems to be a bit of support near the 2160 handle, so I believe that sooner or
The S&P 500 fell during the course of the session on Friday, but there seems to be a bit of support near the 2160 handle, so I believe that sooner or later we will get a supportive candle. I’m a buyer that supportive candle but I understand that there is a lot of noise above that could make this a difficult breakout. Nonetheless, I have no interest whatsoever in selling this market, it seems a very bullish overall, especially in this low interest rate environment. At this point in time, the Federal Reserve looks very unlikely a raise rates anytime soon.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
