The S&P 500 rallied a bit during the day on Monday as we continue to see bullish pressure in the US stock markets. Given enough time, market should
The S&P 500 rallied a bit during the day on Monday as we continue to see bullish pressure in the US stock markets. Given enough time, market should pull back and be buying opportunities, and I believe that the longer-term uptrend should continue to go much higher. The 2300 level underneath is the absolute floor” in this market. Although this has been a very bullish market, we are little overextended so don’t be surprised if we slowdown as far as momentum is concerned. We could even get pullbacks, but those should only offer value.
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.
