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.
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.
