The S&P 500 rallied on Wednesday as stock markets continue to climb. A proposed cut in the tax rate seems to be driving bullish sentiment during the
The S&P 500 rallied on Wednesday as stock markets continue to climb. A proposed cut in the tax rate seems to be driving bullish sentiment during the day, in a market that was already bullish to begin with. Because of this, I believe that the market will continue to offer buying opportunities on pullbacks, and therefore this is a “long only” market for me. Ultimately, I think we break above the 2400 level and then go looking for the 2500 level above. I have no intention on shorting this market, it is far too strong.
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.
