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.
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.
