The S&P 500 fell rather hard during the course of the session on Thursday as all US stock markets did. With this, we think that there will be a lot of
The S&P 500 fell rather hard during the course of the session on Thursday as all US stock markets did. With this, we think that there will be a lot of volatility due to the jobs number, and you will have to keep in mind that the expected number is somewhere around 220,000 jobs added in July. If we get a stronger than anticipated number, the market should continue to rally. However, we think that any site of support at the initial knee-jerk reaction would also be a buying opportunity. We don’t really have any interest in selling at the moment as we see support all the way down to roughly 2050.
S&P 500 Forecast August 7, 2015, Technical Analysis
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.
