The S&P 500 fell slightly during the day on Wednesday, as the 2250 level below continues to support the market. I still believe that we go higher
The S&P 500 fell slightly during the day on Wednesday, as the 2250 level below continues to support the market. I still believe that we go higher given enough time, but short-term pullbacks may continue to be a factor in this market. With the holidays coming, the volume will of course dry up, but longer-term this is obviously a bullish market. I believe that the 2200 level below continues to be very supportive and essentially the absolute “basement” in this market currently. I have a longer-term target of 2300 but may not see that until January.
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.
