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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.

Gold Fundamental Forecast

About the Author

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.

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