The S&P 500 initially gapped lower at the open on Monday but found enough support at the 2180 level again to bounce and break higher, perhaps reaching
The S&P 500 initially gapped lower at the open on Monday but found enough support at the 2180 level again to bounce and break higher, perhaps reaching towards the highs yet again. I think that if we can find support on short-term pullbacks, it could offer nice trading opportunities as the upward trend should continue in this market. I believe that the S&P 500 will continue to show strength over the longer term, so I have no interest in shorting. Ultimately, I believe that the market will reach the 2500 level, offering buying opportunities in time to time on the way.
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.
