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S&P 500 Forecast December 15, 2016, Technical Analysis

By:
Christopher Lewis
Updated: Dec 15, 2016, 08:38 GMT+00:00

The S&P 500 had a slow start during the day on Wednesday as we awaited the statement coming out of the Federal Reserve. Expected to be almost nothing,

S & P 500 daily chart, December 15, 2016

The S&P 500 had a slow start during the day on Wednesday as we awaited the statement coming out of the Federal Reserve. Expected to be almost nothing, beyond the fact that we have an interest rate Ray’s already baked into the market, I believe that you must look to the longer-term charts and recognize that we are in an extraordinarily bullish run. I think pullbacks will offer value, and that’s exactly what you’re looking for in order to take advantage of a market that’s ready to pay serious dividends for those of you that are patient enough to wait for value.

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About the Author

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.

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