The S&P 500 broke out during the day on Wednesday, as we have now broken above the 2225 level. This is an area that is very bullish, and it appears
The S&P 500 broke out during the day on Wednesday, as we have now broken above the 2225 level. This is an area that is very bullish, and it appears that we are going to continue to go even higher. I believe that given enough time will reach towards the 2250 level. I think pullbacks continue to offer quite a bit of bullish pressure underneath as well, and should represent value in a market that obviously should continue to go higher based upon recent action. Ultimately, there’s no way to sell the S&P 500.
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.
