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.
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.
