The S&P 500 fell again during the course of the session on Monday, as global markets went into a complete panic. Because of this, the market looks as
The S&P 500 fell again during the course of the session on Monday, as global markets went into a complete panic. Because of this, the market looks as if it is one that you have to step aside from. Ultimately, we can’t sell at this point, simply because it is far too far gone at this point in time to continue to sell. On the other hand though, we don’t have a supportive candle. Ultimately, we believe that this could be a nice buying opportunity, as it should represent value. With this, it’s probably only a matter of time before you are long, but we don’t have the signal to do so yet.
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.
