The S&P 500 initially fell during the day on Tuesday, but found 2200 to be supportive enough to form a hammer. A break above the top the hammer should
The S&P 500 initially fell during the day on Tuesday, but found 2200 to be supportive enough to form a hammer. A break above the top the hammer should send this market higher, perhaps reaching towards the 2250 level. I think that pullbacks at this point should continue to find the 2180 handle as the “floor” in the S&P 500, and because of this I believe that given enough time we continue to go higher. I have no interest in selling, and I believe that the S&P 500 will outperform most other indices.
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.
