The S&P 500 initially fell during the course of the day on Thursday, but found enough support below to turn these back around and form a hammer. In
The S&P 500 initially fell during the course of the day on Thursday, but found enough support below to turn these back around and form a hammer. In fact, the market broke a little higher than that, and it now looks like we’re going to continue to grind our way towards the 2110 level next. We are bullish of the S&P 500, as most of the stock markets around the world all of a sudden look like there is probably going to be a little bit of support below. This is especially true in the United States, so we believe that the S&P 500 will be any different than the other indices.
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.
