The S&P 500 broke higher during the course of the session on Monday, clearing the top of the hammer that had formed on Friday. This was a buying
The S&P 500 broke higher during the course of the session on Monday, clearing the top of the hammer that had formed on Friday. This was a buying opportunity, as the market reached towards the 2100 level. We believe that this market continues to go higher, so we are buying pullbacks as they should represent value in what appears to be a rather strong consolidative situation with a bit of bullish pressure underneath. With this, we have no interest whatsoever in selling this market and will have to be very patient and waiting for our buying opportunities.
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.
