The S&P 500 went back and forth during the course of the day on Tuesday, testing the 2100 level. This is an area that has been interesting for traders
The S&P 500 went back and forth during the course of the day on Tuesday, testing the 2100 level. This is an area that has been interesting for traders around the markets, but we believe ultimately that this market will go higher. Granted, the candle does suggest further weakness in the short-term, but ultimately the buyers to get involved and the market should then head towards the 2130 level. With nonfarm payroll numbers coming out later this week, we could have a quiet few sessions going forward until that economic announcement is behind us.
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.
