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.”
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.
