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S&P 500 Forecast April 26, 2017, Technical Analysis

By:
Christopher Lewis
Updated: Apr 26, 2017, 02:54 UTC

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

S & P 500 daily chart, April 26, 2017

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.

S&P 500 Video 26.4.17

About the Author

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.

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