The S&P 500 had a back-and-forth type of session on Friday after the jobs number. This isn’t much of a surprise though, so having said that it’s also
The S&P 500 had a back-and-forth type of session on Friday after the jobs number. This isn’t much of a surprise though, so having said that it’s also not surprising that we ended up forming a supportive candle after falling. The 2180 level below continues to offer support, and because of this I think that we are going to bounce. I like the idea of the S&P 500 reaching towards the 2200 level, and then eventually the 2250 level after that. I have no understand selling until we break well below the 2180 handle, something that I don’t see happening.
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.
