The S&P 500 fell slightly during the day on Friday, but not enough to have me concerned. I believe that we continue to consolidate overall in the
The S&P 500 fell slightly during the day on Friday, but not enough to have me concerned. I believe that we continue to consolidate overall in the weekly chart of course shows a bullish flag. Because of this, I believe it’s only a matter of time before the buyers return, and I am bullish on dips. It is earnings season, so it’s likely that we will struggle for a while, but I believe that this cooling-off period is very good for the overall long-term uptrend and that the 2300 level below is the “floor.”
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.
