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.
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.
