The S&P 500 initially tried to rally during the course of the session on Wednesday, but turn right back around to form a slightly negative candle.
The S&P 500 initially tried to rally during the course of the session on Wednesday, but turn right back around to form a slightly negative candle. With this, it’s likely that we continue to grind back and forth, and as a result I believe that sooner or later the buyers will return as well. We do have a stronger uptrend over the longer term, so I’m waiting to see bounces or supportive candles that I can take advantage of. I have no interest whatsoever in selling this market, I believe that the 2120 level below is massively supportive.
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.
