The S&P 500 initially rallied during most of the session on Wednesday, but turned back around at the 2112 level to turn very bearish looking at the
The S&P 500 initially rallied during most of the session on Wednesday, but turned back around at the 2112 level to turn very bearish looking at the end of the day. We ended up forming a massive shooting star, and it suggests that the market has no real conviction one way or the other at the moment. With this, we feel that the markets to be very quiet during the session and we are going to step aside until we get the Nonfarm Payroll numbers coming out of the United States. With this, we are patiently waiting.
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.
