The S&P 500 continued the move higher during the session on Tuesday, as we reached towards the 2390 handle. I still believe that the market will
The S&P 500 continued the move higher during the session on Tuesday, as we reached towards the 2390 handle. I still believe that the market will probably reach towards the 2400 level above, but we have a gap below that still needs to get filled. So I think if we do see some of that negativity, I believe it’s only a matter of time before the buyers return and trying to pick this market back out. I have no interest in shorting the S&P 500, and continue to think that we go to higher levels over the longer term.
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.