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.
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.
