The S&P 500 fell on Thursday, slicing through the 2200 level. The 2180 level below is supportive though, so sooner or later I think the buyers will
The S&P 500 fell on Thursday, slicing through the 2200 level. The 2180 level below is supportive though, so sooner or later I think the buyers will return. This will be especially true if the jobs number today comes out better than expected, which is currently anticipated to be an addition of 175,000 jobs for the month of November. Ultimately, there is plenty of support below and choppiness on way to the 2150 handle, so therefore I don’t really have any interest in selling but I do recognize that it could be a bit difficult for the next several sessions.
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.
