The S&P 500 rose slightly during the session on Monday, as we continue to try to climb higher. The 2100 level looms large as far as resistance is
The S&P 500 rose slightly during the session on Monday, as we continue to try to climb higher. The 2100 level looms large as far as resistance is concerned though, so we think that any pullback at this point in time is simply going to be a momentum building exercise. With that, we are looking for short-term pullbacks in order to continue going long, as the supportive candles on short-term charts would be reason enough to start going long. We have no interest in selling, because the S&P 500 is so bullish.
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.
