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.
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.
