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S&P 500 Forecast December 20, 2016, Technical Analysis
Updated: Dec 20, 2016, 09:54 GMT+00:00
The S&P 500 had a very quiet session on Monday, as we continue to grind sideways. Don’t be surprised if this market is fairly quiet over the course of
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The S&P 500 had a very quiet session on Monday, as we continue to grind sideways. Don’t be surprised if this market is fairly quiet over the course of the week, we have liquidity issues, especially the closer we get to Christmas. I believe that pullbacks will continue to be buying opportunities, but most of the trading will be done in a very short-term manner. A couple of points here and there will probably be about all you can ask for over the next several sessions. Longer-term, I believe the uptrend continues as we reach towards the 2300 level.
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Christopher Lewisauthor
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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