The S&P 500 rally during the course of the week, breaking above the 2170 handle. A break above the 2200 level would be very positive, as we continue
The S&P 500 rally during the course of the week, breaking above the 2170 handle. A break above the 2200 level would be very positive, as we continue to grind higher overall. A pullback should continue to offer value that you can take advantage of, and I believe that the 2100 level below is essentially the “floor” in this market. With that, I’m a buyer and a buyer only, but I also realize that you will have to deal with quite a bit of volatility on the longer-term charts.
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.
