The S&P 500 initially fell during the course of the session on Monday, testing the 2080 level. With that being the case, the market looks like it’s
The S&P 500 initially fell during the course of the session on Monday, testing the 2080 level. With that being the case, the market looks like it’s ready to continue going higher. That being the case, the market should then head to the 2112 level next. Ultimately, we feel that the market continues to see quite a bit of volatility, and with that we look at pullbacks as potential buying opportunities due to the longer-term uptrend. Once the buying comes back to the markets after the summer break, we feel that this market will eventually break out to the upside significantly.
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.
