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.
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.
